Italy Expands Crackdown on Unlicensed Trading Platforms, Targets Keyline FX and Solaxy.io

Italian authorities have intensified their oversight of online investment activity by moving to restrict public access to a new group of websites suspected of offering financial services without regulatory approval.

In the latest action, the national regulator instructed domestic internet service providers to block several platforms that were either directly providing investment-related services or promoting access to unauthorised trading systems. Among those affected are websites operating under the names Keyline FX, Auralyex, Po Trade Ltd, and Campo Borsante, many of which were found to be active through multiple interconnected domains.

The intervention also extends to digital asset offerings linked to Solaxy Tech Ltd, which had been advertising crypto-related services through the website solaxy.io. Regulators determined that the project‘s documentation requirements under the European Union’s Markets in Crypto-Assets (MiCA) framework had not been formally notified, resulting in non-compliance within the Italian market.

Alongside website restrictions, authorities have requested the removal of a mobile trading application associated with Po Trade Ltd from the Android distribution ecosystem in Italy. The app had reportedly been used to facilitate access to financial services without the necessary legal authorisation.

These measures form part of an ongoing supervisory effort aimed at limiting exposure to unlicensed financial intermediaries operating online. Since 2019, when the regulator was granted expanded enforcement powers under national legislation, more than 1,500 websites have been subject to similar access-limitation orders — including a growing number connected to crypto-asset activity.

Although access blocks are typically enacted at the network level, implementation may not be immediate and can take several days depending on technical arrangements between service providers.

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