Italy Announces First Set of Regulation for Blockchain Technologies

The Italian government does not want to lag in the international race to adapt state policies to blockchain technologies and after a period of calm, announced this week the publication of a decree aimed at protecting and regulating the legal status of cryptocurrency and distributed ledger technologies.

The “Decreto Semplificazioni” -which was approved by the Italian Senate Committee of Constitutional Affairs and Public Works on January 23rd- contains a series of legal stipulations that clarify what the government considers to be cryptocurrency, as well as other terms typical of blockchain technologies and their legal status.

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