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<ul class="news-points">
 <li><strong>Italy’s draft decree imposes fines up to 5 million euros for crypto violations, addressing global concerns about digital asset risks.</strong></li>
 <li><strong>The decree designates Italy’s central bank and Consob as primary crypto regulators, aiming to enhance market stability and oversight.</strong></li>
 <li><strong>Italy’s measures align with European standards, promoting a unified regulatory approach to create a safer and more transparent crypto market.</strong></li>
</ul>
<p>Italy is set to tighten its regulatory grip on the <a href="https://coinedition.com/gate-group-expands-its-european-presence-with-italy-vasp-registration/" rel="noopener noreferrer nofollow">cryptocurrency market</a>, introducing stricter rules to combat illicit activities and enhance oversight.</p>
<p>A draft decree, reviewed by Reuters, details plans to impose hefty fines for offenses such as market manipulation and insider trading, aligning with growing global concerns about the risks associated with cryptocurrencies.</p>
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   <p lang="en" dir="ltr">Italy boosts crypto risk oversight and toughens sanctions, draft shows <a href="https://t.co/7rAkgcXE0a" target="_blank" rel="noopener noreferrer nofollow">https://t.co/7rAkgcXE0a</a> <a href="https://t.co/EhnORZh71T" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/EhnORZh71T</a></p>— Reuters (@Reuters) <a href="https://twitter.com/Reuters/status/1803784934416330829?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 20, 2024</a>
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<p>The draft decree establishes penalties ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) for individuals convicted of these offenses. This response reflects ongoing concerns from central banks and international bod…</p>
<p>The post <a href="https://coinedition.com/italys-new-crypto-decree-hefty-fines-central-bank-oversight/" rel="noopener noreferrer nofollow">Italy’s New Crypto Decree: Hefty Fines, Central Bank Oversight</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Italy’s New Crypto Decree: Hefty Fines, Central Bank Oversight

Coin Edition

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