Italy’s financial regulator CONSOB has added 11 new websites to its growing blacklist of unauthorized investment and crypto platforms. The action reflects the regulator’s continued push to protect Italian retail investors from unlicensed services.
Who’s on the List?
The latest enforcement targets include:
- Lemintero
- Geneve Capital Invest
- VT Markets Limited
- HotMarkets
- Fusion4Markets
- Trustfxpro
- Bvoxed
- BeratCoin
- Interersos / Interesosf
Seven of the sites were offering unlicensed investment services, while four were found to be illegally providing cryptocurrency-related products to Italian users.
CONSOB used its authority under the Growth Decree and the newly implemented MiCAR regulation (EU 2023/1114) to issue these blackout orders. These powers allow the regulator to block access to abusive or unauthorized platforms via local internet service providers.
Since July 2019, when CONSOB was first granted website-blocking powers, a total of 1,328 websites have been ordered offline.
Note: The actual blocking may take several days to take effect due to ISP rollout delays.
Italy’s Crackdown Sends a Clear Signal
This latest regulatory action highlights the intensifying scrutiny over online trading platforms operating without proper licenses in Europe. For prop firms—especially those offering CFD or crypto products via broker partnerships—the message is clear:
- MiCAR enforcement has begun: Serving EU clients now requires full regulatory awareness and alignment.
- Unlicensed broker affiliations can be a liability: Firms tied to offshore or lightly regulated entities risk being blacklisted in high-value markets like Italy.
- Reputation, access, and longevity are on the line: In today’s climate, regulatory gaps aren’t just a compliance issue—they’re a growth blocker.
As regulators like CONSOB continue to take action, prop firms must reassess operational risk, licensing structure, and their broker tech stack if they want to remain accessible and credible in Europe.
PropInsider will continue monitoring regulatory developments across Europe and how they impact the evolving prop trading ecosystem.
