Italian Securities Enforcer Suspends Tessline Investment Firm’s Liracoin Cryptocurrency

  • Italy’s lead securities regulator suspends activities of Tessline and its cryptocurrency Liracoin.
  • The 90-day suspension involves entities affiliated to Tessline and the Liracoin

A crypto investment platform Tessline has been issued a suspension notice by Italian national securities regulator La Commissione Nazionale per le Società e la Borsa (CONSOB). The suspension also takes effect on the firm’s cryptocurrency Liracoin.

The suspension came due to a violation of Article 18 of Italy’s Consolidated Law of Finance by Tessline and Liracoin affiliates including websites and some entities. The article spells out statutory requirements for entities interested in providing financial services in Italy.

The entities involved are PayPeq Holdings OÜ, Takeda Partners LTD and BancDeMonarch Limited and Lancelot Equity Ltd. The regulator also suspended the public offering of Liracoin by Liracoin-DAMO through two websites,,  and

The notice also suspended the public offering of any investment platforms by the company Tessline Limited, all for a period of 90 days.

Apart from this, CONSOB has issued similar suspension notices to some other projects in the past for unapproved public offerings or fraudulent crypto investment schemes as well as unlicensed crypto exchanges in collaboration with Financial Services Authority in Malta.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide