The Italian securities regulator, Commissione Nazionale per le Società e la Borsa (CONSOB), has added crypto company Togacoin to its scam blacklist on Jan. 28.

The regulator released its warning against Togacoin alongside similar warnings concerning binary options company Smart Choice Zone and forex exchange Fx Breeze. The three firms have been added to the CONSOB’s warning list because of failing to obtain authorization to operate in Italy.

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