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A letter from Consensys states that the SECs approval of spot Ether exchange-traded funds indicated that it had updated its position to classify ETH as a commodity and not a security, but not everyone agrees.
The latest draft policy stipulated fines between 5,000 and 5 million euros ($5,400$5.4 million) for market manipulation and other financial crimes.
US stablecoins bypass banks, gaining traction in Europe. STABLE and GENIUS Acts advance in US Congress. European CBDC efforts lag behind US regulatory push. Italy’s finance chief has sounded the alarm over the rising influence of US dollar-backed stablecoins in Europe, arguing that they pose a greater threat to financial sovereignty than the trade tariffs […]
The post US stablecoins pose bigger risk than Trump tariffs, says Italys finance minister appeared first on CoinJournal.
The United States’ stablecoins pose a significant risk to the Euro, according to Italy’s Minister of Economy and Finance. Stablecoins are digital currencies that are tied to a stable asset, such as the US dollar, to reduce price volatility. However, the Minister believes that these stablecoins could potentially threaten the Euro’s stability and disrupt the [...]
The post Italy’s Finance Minister Warns: US Stablecoins Poses Greater Threat than Tariffs appeared first on Crypto Breaking News.
Multiple reports have revealed that Binance, the crypto exchange with the highest trade volume, has announced the removal of 12 privacy-focused cryptocurrencies from its markets in Spain, France, Poland, and Italy. Commencing on June 26, 2023, users residing in these four countries will no longer have the option to purchase or trade these privacy coins [...]
The post Crypto Exchange Binance to Remove Privacy Coins From 4 European Markets appeared first on Crypto Breaking News.
BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power parity into account, according to reports from Acorn Macro Consulting. Powered By China’s growth, the group now contributes 31.5% to the global GDP, while the G7 provides 30.7%. BRICS Countries [...]
The post BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion appeared first on Crypto Breaking News.
The move follows a recent data breach suffered by the AI platform on March 20, where user data was exposed to a user.
Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins. The central bank’s recently released Markets, Infrastructures and Payment Systems report for June 2023 has called on regulators to apply the same financial conduct standards to stablecoin issuers [...]
The post Italy’s central bank calls for framework to prevent stablecoin runs appeared first on Crypto Breaking News.
Polygon continues to be a leading choice for real-world blockchain applications.
Key takeaways The Bank of Italy will use the Polygon blockchain to help institutions experiment with DeFi and asset tokenisation. The Bank will also use crypto custodian Fireblocks. The Bank of Italy to help institutions experiment with DeFi The Bank of Italy’s innovation hub has partnered with Polygon Labs and crypto custodian Fireblocks to help […]
The post Bank of Italy leverage Polygon to help institutions experiment with DeFi appeared first on CoinJournal.
The Italian central bank’s Milano Hub has selected a project headed by Cetif Advisory and Polygon Labs in its second round of proposals.
Europe's data protection supervisor predicts trouble abroad and at home for U.S. AI companies that run afoul of GDPR.
Buyers of AS Roma merchandise can pay and receive cash-back using DigitalBits (XDB).
The Rock Trading (TRT), a prominent crypto exchange in Italy, emailed its customers on February 17 to inform them that
Read our crypto digest here.
Italy's Senate authorized a 26% capital gains tax on crypto-asset transactions above 2,000 euros (roughly $2,13 at publishing). Crypto assets may be transferred and kept digitally. Crypto assets were taxed less as foreign currency in the nation. (Read More)
Over recent months, the trending talk of the town is about the arrival of Crypto Art Renaissance in Italy. A
Despite a challenging year for the crypto industry, nearly 40% of respondents indicated a plan to purchase cryptocurrencies like Bitcoin in 2023.
Italy will restrict digital currencies in 2023. Cryptocurrency trading earnings above 2,000 euros ($2,062) will incur a 26% capital gains tax. As "foreign money," digital currencies have enjoyed reduced tax rates. Portugal wants to tax cryptocurrency capital gains at 28%. (Read More)
The Italian government intends to impose a 26% tax rate to local investors who gain over $2,090 per year from crypto trading.
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