Italy’s Financial Watchdog Raises Concerns Over Unregulated Cryptocurrency Ma...
The chairman of Italy’s financial regulator has raised concerns over the cryptocurrency market without proper regulation. “Without proper oversight there could be a worsening in market transparency, the basis of legality and rational choice for (market) operators,” he said. Chairman of Italy’s Securities Regulator Sees Issues With Unregulated Cryptocurrency Market The chairman of the Commissione Nazionale per le Società e la Borsa (Consob), Paolo Savona, voiced concerns regarding cryptocurrency Monday. Consob is the government authority of Italy responsible....
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UK's top financial watchdog wants to bar investors from accessing government compensation in the event of crypto scams or not-at-fault financial loss. On Wednesday, Nikhil Rathi, CEO of the United Kingdom's Financial Conduct Authority, or FCA, issued the following statement to the Treasury Committee when asked about the risks of the much-unregulated cryptocurrency sector in the country:When we talk about the compensation scheme, we have to draw some pretty clear lines. I would suggest anything is crypto-related should not be entitled to compensations, and consumers should be clear about....
The warning comes a day after the regulator's U.K. counterpart, the Financial Conduct Authority, also raised similar concerns.
New Zealand’s financial regulator issued a warning alert to local cryptocurrency investors and traders amid the recent bitcoin’s price action. The Financial Markets Authority (FMA) asks people to remain cautious because cryptos are “high risk and highly volatile assets.” FMA Warns About Unregulated Overseas Crypto Exchanges According to an official statement published in the NZ Herald, New Zealand’s financial watchdog is concerned about the latest “rollercoaster move” seen in the bitcoin (BTC) price. “Cryptocurrencies are not regulated in New....
According to a press release from Consob on December 4, 2025, Italy’s securities regulator told crypto and virtual asset service providers (VASPs) that they must secure authorization under the EU’s Markets in Crypto-Assets regime (MiCA) by December 30, 2025, or stop serving Italian clients. Related Reading: A New Era Begins: CFTC Approves Spot Bitcoin On Regulated US Markets The notice warns operators that those who do not file for a MiCA-compliant license must close out services and return customer funds by the year-end. Consob’s Deadline And What It Means For Firms Based on reports,....
It is evident Italy’s banking sector is on the brink of collapse, and a crisis is unavoidable unless new capital enters the market. Italy’s financial situation is getting out of hand as of late. With virtually ever bank in the country struggling with bad debt, finding a solution is not easy. For now, it appears the banks will need US$21bn in fresh capital. The current plans it to raise that money through a bailout. A very precarious situation that highlights how fragile the global economy is at this time. Adding another layer to Italy’s mountain of debt does not make much sense on paper.....