This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\nCryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
- In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
- Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
- Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
- This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
- In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
- Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
- Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
- This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\nThe licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
- In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
- Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
- Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
- This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\nAt the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\nThe licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
- In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
- Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
- Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
- This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\nAt the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\nThe licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
- In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
- Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
- Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
- This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval. <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\nAt the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\nThe licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
- In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
- Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
- Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
- This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval. <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\nAt the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\nThe licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
- In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
- Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
- Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
- This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\nThe proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval. <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\nAt the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\nThe licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
- In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
- Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
- Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
- This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\nThe proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval. <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\nAt the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\nThe licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
- In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
- Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
- Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
- This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\nAs digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\nThe proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval. <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\nAt the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\nThe licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
- In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
- Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
- Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
- This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\nSee Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\nAs digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\nThe proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval. <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\nAt the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\nThe licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
- In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
- Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
- Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
- This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n
Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\nSee Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\nAs digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\nThe proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval. <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\nAt the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\nThe licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
- In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
- Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
- Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
- This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n
Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\nSee Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\nAs digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\nThe proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval. <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\nAt the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\nThe licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
- In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
- Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
- Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
- This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
