Italian regulators launch crackdown on silly cryptocurrency scams

Dec17

by Sindy Cator on December 17, 2018 at 4:37 pm

Posted In: Around the Web, cryptocurrency, Hard Fork

Italian authorities have moved to protect local investors by temporarily banning the sale of two particularly dodgy cryptocurrency investments within the country for 90 days. In a special bulletin, the Commissione Nazionale per la Società e la Borsa (CONSOB) revealed a string of websites and Facebook pages it has restricted from selling potentially fake cryptocurrency projects, Bitsurge Tokens and Green Energy Certificates. CONSOB is much akin to the US Securities and Exchange Commission, and is Italy’s primary financial regulator. The Bitsurge scheme offers special “token contracts” that promise monthly returns. The system is apparently so lucrative that a $1,000 investment will see six…