The Italian financial regulatory authority, the Commissione Nazionale per le Società e la Borsa (CONSOB), issued Resolution No. 23891 on February 25, 2026, concluding that Solaxy’s $SOLX token offering violates the EU’s Crypto Asset Market Regulation (MiCA). According to CONSOB, Solaxy offered $SOLX to the public in Italy but did not disclose a whitepaper as required by Article 8 of MiCA.
The agency demands an immediate halt to the SOLX offering in Italy and gives Solaxy 60 days to appeal to the Lazio Regional Administrative Court. CONSOB also included the case in its crackdown on financial fraud and stated that Italian authorities are working to block access to related websites.
The resolution states that the website solaxy.io provides instructions on purchasing tokens in Italian, targeting domestic investors. While the decision does not label Solaxy as a scam, CONSOB confirms that the project does not comply with the notification obligations under MiCA.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Designating sports event contracts as derivatives! The U.S. CFTC blocks local enforcement, seeking regulatory authority over prediction markets
The U.S. federal government is working with the CFTC and the Department of Justice to try to shift regulatory authority for Kalshi prediction markets from local governments to the federal level, arguing that sports betting contracts are financial derivatives. If the court backs this position, it will change the legal status of prediction markets and standardize regulation nationwide, reducing the influence of local gambling laws.
CryptoCity1h ago
Sports-betting contracts are considered derivatives! The U.S. CFTC blocks local law enforcement, seeking regulatory authority over prediction markets
The U.S. federal government is working with the CFTC and the Department of Justice to try to shift regulatory authority over Kalshi prediction markets from state and local governments to the federal level, arguing that sports betting contracts are financial derivatives. If the court backs this position, it would change the legal status of prediction markets and standardize regulation nationwide, reducing the impact of state-level betting laws.
CryptoCity4h ago
Japan Approves Bill to Treat Crypto as Financial Products Under Securities Law
Japan's cabinet has approved a bill to classify crypto assets as financial products under securities law, prohibiting insider trading and requiring annual disclosures from issuers, marking a significant shift towards stricter regulation of the crypto sector.
CryptoNewsFlash5h ago
Hong Kong Monetary Authority Deputy Chief Executive: If a stablecoin issuer wants to issue a Renminbi-pegged stablecoin, it must obtain approval from mainland regulatory authorities
Hong Kong Monetary Authority Deputy Chief Executive Officer Chen Weimin said that stablecoin issuers may choose to issue currencies such as Hong Kong dollars or renminbi based on their own discretion, but must obtain regulatory approval from the Mainland. As for the timetable for the second batch of stablecoin issuer licenses, there is no schedule yet. HSBC’s stablecoin will be integrated with PayMe and the HSBC HK App, supporting real-time transfers and person-to-merchant services.
GateNews5h ago
Crypto regulation mega-centralization! The European Central Bank supports having “crypto service providers” directly regulated by the EU ESMA under unified supervision
The European Central Bank (ECB) supports consolidating financial regulatory powers under the European Securities and Markets Authority (ESMA) to unify the regulation of large crypto asset service providers, strengthen the EU’s competitiveness, and counter the United States and China. However, the ECB proposed that it must ensure ESMA has sufficient resources and reduce market disruption, and it is expected that the proposal will still need to be negotiated among EU lawmakers.
動區BlockTempo5h ago
Will Taiwan’s special legislation shut down USDT withdrawals? An anonymous accountant posted to spark panic—here’s the full truth in one place
Recently, anonymous individuals claiming to be accountants have made statements online, saying that the draft of Taiwan’s newly passed “Virtual Asset Services Act” will prohibit the circulation of Tether (USDT) and has sparked panic. In response to this claim, Max, editor-in-chief of Crypto City, said the interpretation of the regulations in this statement is overly pessimistic, and emphasized that the purpose of the bill is to establish a compliance framework rather than a comprehensive crackdown. The article calls on the public to stay rational when facing community-driven panic posts, and to choose legitimate providers for crypto trading to avoid fund risks and scams.
区块客6h ago
