Consob: €200,000 fine for Corona for crypto-assets

Rome, 26 January (LaPresse) – Consob has imposed an administrative fine of €200,000 on Fabrizio Corona for violating European regulations on crypto-assets in relation to “the public offering of crypto-assets, other than tokens linked to assets or electronic money tokens, called 'memecoin $CORONA”'. This is according to the Consob website, which, in its resolution 23815, also ordered Corona to ‘refrain from repeating the violation’. “The offer of memecoin $CORONA”, explains the Authority in the resolution signed by President Paolo Savona, “was not promoted by a legal entity as required by applicable legislation, was not accompanied by the drafting of a White Paper” and was not notified.