Intesa Sanpaolo, Italy's largest banking group, has become the first Italian bank to engage with Bitcoin directly, marking Italy's entry into the global trend of cryptocurrency adoption. A report by Wired Italia confirmed that Intesa Sanpaolo purchased 11 Bitcoin for around €1 million on January 13. The news initially surfaced ...
The Italian government is reportedly reviewing its substantial 42% tax on crypto gains, with sources suggesting a possible revision. A recent Bloomberg report indicates that the government may approve a proposal from one of its coalition partners to lower the tax rate to a more moderate 28%. The government initially ...
Italy's government is proposing a significant increase in the capital gains tax on Bitcoin investments as part of its 2025 budget plan. During a recent press conference, Deputy Economy Minister Maurizio Leo announced that the tax rate on Bitcoin capital gains would rise from 26% to 42%. Minister Leo explained ...
The Bank of Italy will soon issue guidelines on implementing the European Union's Markets in Crypto-Assets Regulation (MiCA). Governor Fabio Panetta announced this during his address to the Italian Banking Association on July 9, 2024. stating that these guidelines aim to ensure effective MiCA application and protect cryptocurrency holders. Panetta ...
Gate Italy s.r.l., a subsidiary of cryptocurrency exchange Gate Group, has announced its registration as a Virtual Asset Service Provider (VASP) with the Italian regulatory agency Organismo Agenti e Mediatori (OAM). The registration would allow the company to offer Italian users virtual asset transaction and management services that comply with ...
Last month, Garante, Italy's data protection authority, issued instructions to OpenAI on how to comply with GDPR regulations and revoke an operation-halt order placed on ChatGPT. The watchdog had raised concerns that the AI chatbot service violated GDPR rules and had ordered OpenAI to stop processing data belonging to Italian ...
