Italy’s securities market regulator, the Italian Companies and Exchange Commission (CONSOB), has issued a statement, in which it said that Binance Group and affiliated companies are unauthorized to provide investment services and operate in Italy.
The regulator specified that the warning refers to Binance.com, the main website of the global crypto exchange. CONSOB went on to warn the public about potential implications of Binance’s legal status in Italy, advising to exercise caution in making investment choices.