The island nations of Malta and Cyprus are still ahead of their bigger neighbors when it comes to crypto regulation.
Italy, officially the Italian Republic, is a unitary parliamentary republic located along the Mediterranean Sea. The Italian economy is the eighth-largest in the world and is built upon a large number of small and medium-sized enterprises, with most of them focused on niche markets and luxury products. Italy has both a large agricultural sector and a large, technologically-advanced manufacturing industry. Italy didn’t have any special Bitcoin regulations and there was no legal framework for cryptocurrency in Italy until 2018. Currently, Italian professionals in the blockchain industry, such as exchanges and investors, are required to be registered by the Institution of Agents and Mediators by providing documentation data and the websites of businesses. Italy does not have cryptocurrency taxes, but a list of cryptocurrency agents will be available to the Financial Police to conduct investigations of money laundering and terrorism funding.
The mobile-first cryptocurrency exchange recently received regulatory approvals to operate in Greece, Singapore and Dubai.3403
Coinbase started providing its cryptocurrency services in Italy a while ago, offering Coinbase card services in the country as of June 2019.1668
All companies developing IoT, AI or blockchain technology will be eligible to apply for government subsidies provided the funds will be used in specific sectors, such as health.6734
A Bitcoin-thematic ETF listed on the Borsa Italiana, providing savers, institutions and pensions planners exposure to BTC.2078
The cryptocurrency exchange's Italian branch will become its second European operation after obtaining a license in France.3157
Grayscale announced its first European ETF, listing on the London Stock Exchange, Borsa Italiana and Deutsche Börse Xetra.4867
AC Milan says the proceeds from the NFT collection will fund the projects undertaken by Fondazione Milan, the clubs’ charity arm.5141
The second-largest Italian bank would have to pay $144 million in compensation to the mining farm, the judge rules.3043
Despite Turkish government regulations having hamstrung Bitci’s soccer sponsorship deals, footballing crypto companies already have home-field advantage.1757
Alfa Romeo’s Tonale NFT certifies a car upon purchase and then records and keeps data during the vehicle’s lifespan.5771
Ferrari will be issuing exclusive digital content for its fans in collaboration with Swiss blockchain startup Velas.13660
The first NFTs in the series will feature exclusive avatars of Marie-José, the last queen of Italy, which can be used for interactions in the Metaverse.3149
Banca d’Italia and Deutsche Bundesbank shared experiences on distributed ledger technology-based settlements in a workshop.4697
The platform has already signed partnership agreements with the UFC and Formula 1 this year.5429