Consob Orders Blocking of 8 Unauthorised Crypto Websites in Italy

Consob has ordered the blocking of eight websites providing crypto-asset services to Italian investors without authorisation, according to its October 29 announcement.

The regulator used powers under the MiCAR framework. The action brings its website-blocking total since July 2019 to 1,861, including 250 linked to crypto activities.

This follows BrokersView’s September 18 report on six websites targeted over unauthorised financial or crypto-asset services. That earlier action brought the total to 1,822.

Websites Named by Consob

Name in notice	Website	Screenshot
Tesorvenza	tesorvenza.it
Solvexpulse53ai	solvexpulse53ai.it	/
Valutixitalia	valutixitalia.it
Dashaxid400	dashaxid400.it
Sovriapro	sovriapro.it
Chainexelonfin	chainexelonfin.it
Cardinemodevo	cardinemodevo.it
Smartbitboost	smartbitboost.it

Source: Consob. Screenshots supplied by the editor; the notice’s names and domains are reproduced above.

Based on the editor’s website comparison, Valutixitalia, Dashaxid400, Sovriapro, Chainexelonfin and Cardinemodevo share the same logo design and highly similar website templates. Tesorvenza and Smartbitboost also display nearly identical logos and page layouts. These visual similarities alone do not establish common ownership or operation.

Blocking Process and Investor Checks

Italian internet providers are implementing the blocks, which may take several days to become effective.

Consob urges investors to check operators’ authorisation and relevant prospectuses or white papers. It also warns about cloned websites, fake celebrity profiles and AI-generated content used to promote harmful investments.

For questions about investment platforms and potential scams, visit BrokersView Q&A.

Related Reading

• Consob Blocks 11 Websites Over Unauthorised Investment Services
• Consob Orders Block of Unauthorised Investment Websites