New Proposal For Crypto Regulation in Italy

The Italian Ministry of Economics is working on a decree that aims to classify the use of cryptocurrencies in the country and to list “service providers related to digital currencies.” Cointelegraph analyzed the draft of the document that aims to introduce new regulations on the use of cryptocurrencies in Italy and talked about the new decree with local business, political, and academic representatives. 2018 could be a very peculiar year for the crypto industry: the year of regulations. From East to West, regulators from all over the world are working on new laws for the crypto industry. We have seen a hard-line and prohibitionist approach from China, that aims to heavily control the phenomenon, but also a more reasonable approach from the US, Japan and Switzerland, whose purpose is to create a solid foundation for the development of the industry in the future.


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