CONSOB warns against BitSurge, Green Earth Certificates and TradeU2

The Italian financial regulator has taken steps against two cryptocurrencies and one broker.

The CONSOB suspended the activities of BitSurge and Green Earth Certificates. BitSurge is a cryptocurrency that offers returns on investments, which clearly makes it an unregistered security. Moreover the concept of BitSurge resembles to scams like Bitconnect.

Green Earth Certificates are offered via the Facebook page Project Crypto Green Earth a presumably also promise returns on investments.

Last but not least, the CONSOB ordered the broker TradeU2 to cease all operations on the Italian territory. The reason is that Tradeu2 is not regulated.

For trading use regulated brokers.