Italy’s Companies and Exchange Commission (CONSOB) today announced that the number of unauthorized investment websites blocked since July 2019 has exceeded 1,500.

In July 2019, the Authority was given the power to order the blocking of websites belonging to illegal financial intermediaries. Since then, 1,507 websites have been shut down, in addition to 763 web pages, for a total of 2,270 individual web domains blocked.

In the last week, Consob ordered the blocking of 11 new websites: of these, ten were illegally offering crypto-asset services and one was providing illegal financial intermediation services. Since January 2025, 307 sites have been closed, 196 of which for the unauthorized provision of investment services and activities on financial instruments or the illegal offering of financial products to the public, while a further 111 websites have been blocked for illegal activities relating to crypto assets.

Below are the websites that Consob ordered to be blocked last week:

• Praxiscarma s.a. (website www.praxiscarma.com and related page https://office.praxiscarma.com);
• “RYE036” (website https://rye026.it);
• “RYE326” (website https://rye326.it);
• “03WAKIH” (website https://03wakih.it);
• “SJCJ11” (website https://sjcj11.it);
• “01LUHAR” (site https://01luhar.it);
• “GKJ159” (website https://gkj159.it);
• “DSHS82” (website https://dshs82.it);
• “GFJ123” (website https://gfj123.it);
• “L88159” (website https://l88159.it);
• “FGJ329” (website https://fgj329.it).

In issuing the orders, Consob exercised the powers granted to it by the “Decreto crescita” (“Growth Decree”, converted by Law No. 58 of 28 June 2019) and MiCAR (EU Regulation 2023/1114 and Legislative Decree No. 129 of 5 September 2024).

Internet service providers operating in Italy are currently blocking access to these websites: for technical reasons, it may take a few days for the block to take effect.