money laundering

Financial Regulator of Italy Bans Cryptocurrency Firm Named Avacrypto

Financial Regulator of Italy Bans Cryptocurrency Firm Named Avacrypto

Commissione Nazionale per le Società e la Borsa, the Italian National Commission for Companies and the Stock Exchange, has put a ban on the operations of Avacrypto, a cryptocurrency-related company. According to the ministry, the reason behind the ban is that the company offered unauthorized services to the people in the country.