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Illegal Virtual Asset Handlers' Fees Can Be Up to 62 Times Higher; Difficult to Seek Damages
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Business·1d agoAI summary

Illegal Virtual Asset Handlers' Fees Can Be Up to 62 Times Higher; Difficult to Seek Damages

The Financial Intelligence Unit (FIU) warned of the rapid increase in illegal virtual asset handlers operating through social media, urging caution for investors. These unregistered entities, unlike the 28 officially registered businesses, pose risks of fraud, data breaches, and difficulties in seeking compensation for damages, with fees potentially up to 62 times higher than legitimate exchanges.

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Minister Urso: Ilva must survive despite adverse context and €7 billion damages
Developing
Business·6/13/2026AI summary

Minister Urso: Ilva must survive despite adverse context and €7 billion damages

Italian Industry Minister Adolfo Urso stated that the Ilva steel plant must survive despite a challenging environment and €7 billion in damages from previous management. He announced a meeting with unions to discuss the plant's future and decarbonization goals, noting that Italian steel production has increased in early 2026 and expressing hope for Piombino's production to resume and for Taranto to also return to steel production.

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