Binance has received yet another regulator warning for its cryptocurrency exchange services, this time from the Central Bank of Lithuania. It has become one of the many financial regulators across countries to flag Binance’s crypto services. Lithuanian regulator warned that the crypto exchange is offering ‘unlicensed investment services’ in the country and ordered the company […]

Multiple regulators around the globe have come out against the crypto exchange giant.

The securities regulator of Italy, Consob has recently released a statement saying Binance exchange is not authorized to offer its services in the country.

The number of websites blocked by the regulator now rises to 474 since it started to order blockages in July 2019.

The head of Italy’s securities market regulatory body Commissione Nazionale per le Società e la Borsa (CONSOB), has expressed concern over the lack of regulation for cryptocurrency, stating that the continuous use of unregulated crypto assets poses certain risks. Consob Chairman Calls for Robust Crypto Regulatory Framework According to Reuters on Monday (June 14, 2021),Read More

The continued spread of cryptocurrencies without consistent regulation is a cause for concern, according to the head of Italy’s stock market regulator.

The post Spread of Unregulated Crypto a ‘Cause for Concern’ Says Italian Regulator appeared first on BeInCrypto.

The chairman of Italy’s securities regulator thinks crypto is far too risky to keep waiting for the EU to release rules, suggesting Italy may have to go its own way.

TL;DR Breakdown • The unregulated cryptocurrencies’ rise can become a problem for the market.• Paolo Savona joins other institutional leaders to call for more regulations for digital assets. The spread and rise of digital currencies without precise and clear regulation can cause concern. The head of the Italian regulator has also said that the whole […]

The Thai Securities and Exchange Commission enacted the ban on Friday, giving exchanges one month to comply with the new regulation.

The post Thai regulators ban exchanges from trading meme tokens and NFTs appeared first on The Block.

Crypto growing to a $1.6 trillion market without adequate regulations is a major worry for the head of Italy’s stock market oversight agency.

In a livestream Monday, Consob chairman Paolo Savona said if cryptocurrencies are left unregulated, they could lead to illegal activity.

The post Italian securities regulator head says crypto could negatively affect market appeared first on The Block.

The regulator has blocked 462 websites since July 2019 when it gained the legal power to order sites' blackouts.