Forexelite, Billionaire Commerce have their web sites blocked in Italy

Italy’s Corporations and Change Fee (CONSOB) has ordered the blocking of entry to 6 new web sites that supply monetary companies illegally.

The web sites focused by the most recent set of orders are:

  • “Bit-matic” (web site;
  • C B Monetary Companies Restricted (web site and associated web page;
  • “Interactive (web site and associated web page https://inter-active.options);
  • Forexelite Restricted ed Elite Buying and selling Academy (web site and associated pages e;
  • “Degirocfd Group” (web site and associated web page;
  • Billionaire Commerce Restricted (web site and associated pages and https://buying and

In issuing the orders the Authority availed itself of the powers deriving from the “Decreto crescita” (“Development Decree”; Regulation no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), on the idea of which Consob can order Web service suppliers to dam entry from Italy to web sites providing monetary companies with out the correct authorization.

The variety of web sites blacked out since July 2019, when Consob acquired the facility to order that the web sites of fraudulent monetary intermediaries be blacked out, has thus risen to 989.

The black-out of those web sites by Web service suppliers is ongoing. For technical causes, it may well take a number of days for the blocking to be applied.