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Italy plans to raise its capital gains tax on bitcoin to 42%, up from 26%, as part of efforts to fund election promises and curb the fiscal deficit. The government cites growing bitcoin adoption as a key factor. This comes as the European Union prepares to implement its Markets in Crypto-Assets Regulation (MiCA), aiming to … Read more
In addition to raising the withholding tax on Bitcoin capital gains to 42%, Italy also plans to remove the 750,000 euro web tax threshold. Go to Source
Italy’s central bank will soon release guidelines on implementing the European Union’s Markets in Crypto Assets Regulation (MiCA) Regulation to ensure the payment system’s regular functioning, Bank of Italy Governor Fabio Panetta revealed on Tuesday. In his speech to the Italian Banking Association, Panetta highlighted that MiCA considers electronic money tokens (EMTs) and asset-reference tokens … Read more
A letter from Consensys states that the SEC’s 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. Go to Source
Italy is taking steps to enhance surveillance of crypto assets and address associated risks. According to a draft decree reviewed by a news agency, the plan includes imposing high fines on those who manipulate the market. The fines range from $5,400-$5.4 million (€5,000 to €5 million) for offenses such as insider trading, unlawful disclosure of … Read more
The latest draft policy stipulated fines between 5,000 – 5 million euros ($5,400-$5.4 million) for market manipulation and other financial crimes. Go to Source
Concerns over potential misuse of AI have prompted the U.S., U.K., China, and the G7 to speed up regulation of the technology, though Europe is already way ahead. Go to Source
The central banks of Italy and South Korea announced a memorandum of understanding in the development and deployment of their respective CBDCs. Go to Source
Amnesty’s secretary general said the EU has a chance to lead with new AI regulations and member states shouldn’t “undermine” the forthcoming AI Act. Go to Source
The Italian Data Protection Authority has launched a “fact-finding” probe into the security practices of public and private websites to prevent AI data scraping. Go to Source
