Intesa Sanpaolo, the largest banking group in Italy, has taken a step toward investing in cryptocurrency. The bank’s proprietary trading division has acquired 11 Bitcoins. It marked the first instance of a credit institution in Italy purchasing and trading cryptocurrencies. The digital assets trading and investment team of Intesa Sanpaolo
The USA has been shifting major blocks within the crypto regulatory landscape over the last few days alone. Particularly, President-elect Donald Trump in the last 24 hours, announced the initiation of the Department of Government Efficiency (DOGE) appointing Elon Musk and Vivek Ramaswamy in leading positions. On the other hand,
Italy has officially introduced a major tax hike on cryptocurrency gains, raising concerns among investors. As part of the country’s 2025 Budget Law, capital gains on Bitcoin and other cryptocurrencies will be taxed at 42%, up from the current 26%. This significant increase, signed into law by President Sergio Mattarella,
As countries all over the world are mulling over imposing stringent digital currency regulations, Italy has decided to increase its capital gains tax on Bitcoin (BTC) from 26% to 42%. Vice Economy Minister Maurizio Leo announced this change during a press conference discussing the country’s budget for 2025. This announcement
Italian bank, Banca Sella, is gearing ready to provide Bitcoin trading services to its clientele, according to a recent update. Especially in light of the increasing institutional adoption of cryptocurrency, this action has sparked market debates. A number of prominent US banks and state pension funds have recently come clean
On Tuesday, July 9, Bank of Italy Governor Fabio Panetta said that direction on the application of impending European Union crypto regulations would be published “in the coming days” by the central bank of Italy. A transcript of Panetta’s address to the Italian Banking Association on July 9 states that
The Rock Trading (TRT), a prominent crypto exchange in Italy, emailed its customers on February 17 to inform them that it was experiencing liquidity concerns and would be “interrupting” its operations. The email read: “The company is conducting internal audits to identify the causes of the problem and evaluating the
Over recent months, the trending talk of the town is about the arrival of Crypto Art Renaissance in Italy. A notable hype is evolving for Italy to become the hub for crypto art in near future. Moreover, being a relatively small country in the world, Italy has flourished for thousands
Adding to the recent measures taken by Portugal, another European nation plans to increase crypto trading taxes. Italy’s proposed budget for 2023 includes a measure that would impose a whopping 26% tax on crypto-related capital gains. This tax bracket, however, kicks in whenever crypto revenues are above €2,000 (approx $2,062).
Consumer prices have increased by 0.8 percent every month, speeding up from the 0.4 percent rise in July Bitstamp, Crypto.com, and Coinbase have received approval for their services in Italy. According to current trend happens, there has been widespread inflation all around the world. The recent data, Italy has had
