Crypto exchange Binance unauthorised, says Italian regulator, as crackdown widens

FILE PHOTO: The logo of Binance is seen on their exhibition stand at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency, in St Julian's, Malta October 4, 2018. REUTERS/Darrin Zammit Lupi/File Photo

LONDON (Reuters) -Binance is not authorised to carry out activities in Italy, the country's market watchdog said on Thursday, joining a string of global regulatory moves against the cryptocurrency exchange.

Binance Group companies are not authorised to provide investment services and activities in Italy, despite sections of its website offering information in Italian, Consob said https://www.consob.it/documents/46180/46181/pr_20210715.pdf/7f78ad2d-a146-4b17-abe8-92efac07f49e in a statement.