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Italy: Securities Regulator Suspends Two Crypto Firms for Alleged Scam Investment Schemes


Italian securities watchdog CONSOB has halted two projects for allegedly offering fraudulent crypto investments.

The Italian securities regulator, CONSOB, has suspended two projects for allegedly offering fraudulent crypto investment schemes. The 90-day suspensions were reported in an official statement on the CONSOB website published Monday, Dec 17.

The Italian Companies and Exchange Commission, or Commissione Nazionale per le Società e la Borsa (CONSOB), is the Italian analogue of the United States Securities and Exchange Commission (SEC) and represents a governmental authority that regulates the Italian securities market.

Both firms suspended by CONSOB, Bitsurge Token and Green Energy Certificates, are allegedly scam projects from the non-European Union-based company Avalon Life, and both have been banned from offering investments for 90 days starting from Dec. 12, according to two official



Read Full Story : Cointelegraph.com News

2018-12-17 19:44:00

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