Italy Italian Inland Revenue The Italian Inland Revenue (Agenzia delle Entrate), through resolution of September 2016240, on the basis of the judgement of the EU Court of Justice (Case C-264/14), stated that operations in cryptocurrencies in
Italy Court of Verona - decision on Bitcoin The Court of Verona stated that the "the purchase of cryptocurrencies (i.e. Bitcoins) - which should be classified as financial instruments - is a transaction that can be defined as highly
Italy OneCoin - Italian Antitrust Authority Through resolutions dated December 2016 and August 2017238, the Italian Antitrust Authority (Autorità Garante della Concorrenza e del Mercato)---empowered by the Italian Consumer Protection Code---suspended activities, and subsequently fined companies carrying out
Italy Crypt Trade - CONSOB Resolution n. 20207 (Dec. 6, 2017) Crypt Trade is a platform for trading and advising services about cryptocurrencies based in Alicante (Spain) and Glasgow (UK). The platform was offering "cryptocurrencies' extraction kits" which involved (i) a certain
Italy Bank of Italy Warning letter In January 2015, Bank of Italy released a statement236 stating that virtual coins are "the digital representation of a value, not issued by a Central Bank or Public Authority, [...] used as an
Italy Example of ICOs in Italy There are many examples of ICOs launched by Italian residents or publicized in Italy, but the vast majority of them were launched through foreign incorporated legal entities (e.g. https://eidoo.io or
Italy Italy As a member state of the European Union, Italy's financial regulation framework is subject to EU directives and regulations including key legislation such us the Prospectus Regulation, the Markets in Financial Instruments Directive
Italy CONSOB notice The Italian security commission (CONSOB) issued on December 4 2017 a warning summarizing the ESMA statements237, regarding investors and firms: The speculative nature of ICOs with not easily perceived risks. The volatility of
