Italian supervisor CONSOB has suspended the offer to the public residing in Italy of a token of an ICO. The structure of the transaction, according to CONSOB, falls into a public offering of financial products without an approved prospect, and therefore CONSOB suspended the offer. The ICO was launched by Togacoin Ltd, a company incorporated under English law created to finance a data centre in Tenerife, cryptocurrency mining, hosting and resale of electricity.

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