Italy’s stock market regulator, CONSOB, has temporarily halted the local services of three cryptocurrency companies – Crypton Ltd, Cryptoforce Ltd, and Eagle Bit Trade – on the grounds of financial law violations. The measures will continue for period of 90 days, starting on November 14, the regulator said on Monday.

The three entities have been deemed to offer unauthorized services and could be placed under permanent bans if CONSOB confirms the breaches after the three-month period.

Crypton is offering investments in its eponymous digital currency. The company operates the cryptonforce.world website, through which it targeted Italian citizens with by promising up to 40% in monthly returns, the reg…

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