CONSOB, the Italian markets and securities regulator, banned short selling on March 17. Now that the coronavirus pandemic has calmed down in the country, the ban has officially been lifted.
Although it may be hard to believe that a country could outright ban short selling, it has been the norm in Europe for the past two months. France and Belgium, for example, also outlawed short selling around the same time in March.
The fear was that markets would continue to decline irrationally amid the pandemic.
The COVID-19 situation in Italy has led to some unique economic situations. For example, BeInCrypto reported in late April that one small Italian town had begun issuing its own banknotes.
However, the state the emergency seems to be coming to a close now. Lifting the ban on short-selling may be an indication that the markets are returning ‘back to normal,’ but the economic impact of the coronavirus still weighs heavily on the country.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Advertorial
Advertorial is the universal author name for all the sponsored content provided by BeInCrypto partners. Therefore, these articles, created by third parties for promotional purposes, may not align with BeInCrypto views or opinion. Although we make efforts to verify the credibility of featured projects, these pieces are intended for advertising and should not be regarded as financial advice. Readers are encouraged to conduct independent research (DYOR) and exercise caution. Decisions based on...
Advertorial is the universal author name for all the sponsored content provided by BeInCrypto partners. Therefore, these articles, created by third parties for promotional purposes, may not align with BeInCrypto views or opinion. Although we make efforts to verify the credibility of featured projects, these pieces are intended for advertising and should not be regarded as financial advice. Readers are encouraged to conduct independent research (DYOR) and exercise caution. Decisions based on...
READ FULL BIO
Sponsored
Sponsored