Italy’s securities regulator has imposed a €200,000 administrative fine on Fabrizio Corona for promoting and offering a memecoin known as $CORONA without meeting the requirements set by European crypto-asset rules. The sanction, made public on 26 January 2026, follows an earlier intervention in March 2025 that halted the initiative and blocked related online platforms. Regulators concluded that the offer lacked the mandatory disclosures and legal structure required under the Markets in Crypto-Assets Regulation, raising concerns about investor protection and transparency in the fast-moving memecoin market. Key takeaways Italy’s Consob fined Fabrizio Corona €200,000 for an unauthorised public offer of the memecoin $CORONA. The offering was promoted via Telegram channels and a dedicated website without a compliant White Paper. Authorities determined the initiative violated the EU’s Markets in Crypto-Assets Regulation (MiCAR). The offer was active for at least nine days before ...