Statement from the Italian authorities Binance It was claimed that the cryptocurrency exchange dubbed “Cryptocurrency Exchange” does not have any operating authority in Italy, so the exchange is prohibited in the country.
With this declaration, Italy became one of the countries that Binance banned.
Italian market regulator comfort With the statement published on its website, the activities of Binance Group, which provides services in Italian in the country, were also impeded.
In the statement, it was emphasized that although Binance offers information in Italian on its website, it is not authorized to provide investment services or activities in the country.
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“NO DIRECT EFFECT ON THE SERVICES”
Consob, in its statement, stressed that Italian investors and savers must exercise the utmost care when making their investment decisions, and stated that they should pay attention to the fact that the websites where they invest are approved by the authorized places.
In Binance’s statement on the matter, it was noted that the notification made by Consob did not have a direct impact on its services.
On the other hand, Italy is one of the most important markets for Binance. such that cryptocurrency stock market in italian Telegram The account has more than 25,500 active users.
WHICH COUNTRIES HAVE BANNED?
Italy is not the first country where Binance was banned. Cryptocurrency arsenal previously banned by Thailand, Japan, Germany, US, UK, and China.