CONSOB Orders Blackout of 6 Websites Offering Financial Services

Since July, the Italian regulator has ordered 77 sites to be blocked in Italy.

Italy’s financial regulator, the Commissione Nazionale per le Società e la Borsa (CONSOB), has published a statement on its website, which orders the blackout of six websites that are illegally offering financial services.

The six entities are Lion Finance Ltd (, Globalix Ltd (, UAB Elnira (, (, BTB Corporate LT ( and ( 

London Summit 2019 Launches the Latest Era in FX and Fintech – Join Now

CONSOB acquired the powers to order Internet connectivity service providers to inhibit access from Italy to websites through which financial services are offered without proper authorization in July of this year.

“Site obfuscation activities by internet connectivity providers operating on the Italian market are underway. For technical reasons, the actual blackout may take a few days,” the statement said.

Suggested articles

altFINS Launches New Cloud-Based Cryptocurrency Analysis PlatformGo to article >>

CONSOB orders 77 sites to be blocked

Since it acquired these powers earlier in the year, the Italian regulator has ordered 77 sites to be blocked in the country. Out of the entities included in today’s warning, already three websites appear not to be working, or at least this Editor can not access them – Globalix Ltd, BTB Corporate LT, and

The other three entities – Lion Finance, UAB Elnira, and – all appear to be companies offering foreign exchange (forex) and other assets to trade.

The first on the list, Lion Finance, offers forex, commodities, indices, shares, cryptocurrencies, exchange-traded funds (ETFs), and futures. The company claims to offer technology for the trading industry.

UAB Elnira, on the other hand, claims via its website to offer clients the same services as brokers but without the same level of fees. “AllTradeMarkets is one of very few financial services providers in the industry whose income is derived solely from the success of our clients!”

The last entity,, states that it is a dedicated forex trading platform. It says that it is headquartered in Cyprus, but has a global reach.

Got a news tip? Let Us Know