Italy's financial regulator, CONSOB, said Binance is not authorized to provide investment services in the country.

  • ,"Companies of the Binance Group are not authorized to provide investment services and activities in Italy" even though parts of the website were written in Italian, CONSOB said in a statement on its website.
  • The regulator said last month that the unsupervised spread of crypto was a cause for concern.
  • CONSOB reiterated the warning, advising savers to "adopt the utmost caution" when transacting in crypto assets.
  • The announcement follows a string of similar statements from financial regulators advising consumers that Binance is unregulated or unauthorized to be operating in their jurisdictions.

Read more about


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC