10.12.2025
Consob has ordered the blackout of 8 new websites that offer financial services/financial products illegally or through which services are unlawfully provided for crypto-assets: 3 illegal financial intermediation websites, 1 website through which an offer of financial products is carried out in the absence of a prospectus and 4 websites through which illegal services for crypto assets are provided.
The Authority availed itself of the powers deriving from the "Decreto crescita" ("Growth Decree"; Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), on the basis of which Consob can order Internet service providers to block access from Italy to websites offering financial services without the proper authorization.
Below are the websites Consob has ordered to be blacked out:
• "Forex Elite Academy Limited - Trade and Merchant Trust Limited" (website https://eliteforex.co and related page https://my.eliteforex.co);
• "Nexus500" (website www.nexus500.net);
• "Aventus Consultancy Ltd" (website https://avenconsultancy.com);
• "Venture Capital Funds Limited" (website www.venture-funds.ltd);
• "Niufo" (website www.niufo.co);
• "AlphaCapital" (websites https://alpha-capital.finance and related page https://cfd.alpha-capital.finance);
• "Cryptoin24" (websites https://cryptoin24.io, https://cryptoin24.com and related pages https://clients.cryptoin24.com and https://trading.cryptoin24.com).
The following subjects were ordered by Consob to cease violating Article 59 of MiCAR, pursuant to Article 94(1)(h) of Regulation (EU) 2023/1114 (“MiCAR”) and Article 4(1) of Italian Legislative Decree No. 129/2024:
• ‘Niufo’ through the website www.niufo.co (Resolution No. 23764 of 20 November 2025);
• ‘AlphaCapital’ through the websites https://alpha-capital.finance and the related page https://cfd.alpha-capital.finance (Resolution No. 23763 of 20 November 2025);
• ‘Cryptoin24’ through the websites https://cryptoin24.io, https://cryptoin24.com and related pages https://clients.cryptoin24.com and https://trading.cryptoin24.com