Italy and laws on Bitcoin

[Donovan XXL]

Apparently the M5S which may well form the new Italian government is crypto friendly.
Do you guys know more on Italy and its views on crypto currency?
What about taxes there?

[czhen]

The Italian government believes and believes that proper regulation and supervision can make potential Cryptocurriency a positive impact. They have also implemented some rules to prevent the currency from being used for unlawful activities.

[FinbarAdley]

The Italian government believes and believes that proper regulation and supervision can make potential Cryptocurriency a positive impact. They have also implemented some rules to prevent the currency from being used for unlawful activities.

when can other  governments be col towards crypto?

[Donovan XXL]

What about taxes there?

[Kippah]

Apparently the M5S which may well form the new Italian government is crypto friendly.
Do you guys know more on Italy and its views on crypto currency?
What about taxes there?

I suggest you look at their startup laws. Well intentioned but horrible in execution. It does not work what they prepared and I suppose that wanting to be crypto friendly does not mean building proper framework. Do not expect miracles from Italian government regardless of what they say.

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[Leocrypto da Vinci]

I don't want to talk here about politic, but if M5S will go to power it would be a total disaster for italian people.
The last problem will be in what currency the disaster will happen.
If they are bitcoin friendly, what it really will happen is that every one will be forced to have a bitcoin address (under government autorization...) so bye bye anonymity.
If you still don't understand, it will be a totalitarian state.
I left Italy 25 years ago and I never regretted it.

[Lupus Solitarius]

For what I know, this new political party, created by a joker, is just made by incompetent and arrogant people, and they had a good election result just by promising a general monthly venue for everyone (it's not clear where they will find the money... probably they are thinking to mine them...).
We'll see, it will be very funny to see them in power...

[rigel]

What about taxes there?

No taxes in Italy for individuals selling cryptos.

Only companies using cryptos have to pay taxes.

[Ostonian]

Here is another country that is making the right move with respect to the crypto currency. Italy has already drafted a bill on the regulation of the crypto currency, which is likely to come into force, and bitcoin and other coins will be considered a legal tender in their territory.

[Brunus]

Due to elections, anything was frozen in Italy in last months.
Btw, the only intention for regulation of bitcoin from italian government - whatever it will be - is to tax it: there is nothing more to tax in Italy (if they try, a revolution will start), but bitcoin is something new, so there is a chance...

Here is another country that is making the right move with respect to the crypto currency. Italy has already drafted a bill on the regulation of the crypto currency, which is likely to come into force, and bitcoin and other coins will be considered a legal tender in their territory.

[worldooftanks]

I do not know about taxes, but if the Italian government supports the crypto industry,it will be a very good sign,as in the Wake of Italy and other countries can revise their positions on the currency.

[Fioraver]

I would not be so hopeful about Italy. The good news is that they are a little Euro sceptical now, because EU has turned their back to Italy. Italy may try to accumulate any income and tax by allowing, inviting and regulating crypto, but I don't think they will be able to do it.

[renes]

The Italian government believes and believes that proper regulation and supervision can make potential Cryptocurriency a positive impact. They have also implemented some rules to prevent the currency from being used for unlawful activities.

The best and useful thing that government should and can do is really prevent the currencies from being used for illegal activities, I don't see any bad effect resulting from use of cryptocurrencies.

[weborsha]

i'm not sure about italy in particular, but i'm sure that most governments are going to hold pretty tough tax policy about crypto

[KryptoKai]

Italy is part of the EU so they will have to follow their rules. If the EU doesn't crack down on it and i think they won't, then Italy can do what they want. As they are heavily in debt, i'd be surprised if they didn't tax it, or at least float their own coin to prop up their economy

[Cryptomagnus]

Italy had elections just some days ago, so you mustn't believe any declaration made before ot them!
Btw, there are discussion at european level about bitcoin, so it's very unlikely that Italy can take an autonomous decision.
And any decision - you can bet - will be in the direction of control and tax.

[ICO Lancer]

What about taxes there?

No taxes in Italy for individuals selling cryptos.

Only companies using cryptos have to pay taxes.

That's a pretty good law. And a great incentive for individuals to get involved in crypto.

[OwenBurgess]

Apparently the M5S which may well form the new Italian government is crypto friendly.
Do you guys know more on Italy and its views on crypto currency?
What about taxes there?

well time to pack your bags and move to Italy 

[efeyigit399]

crypto is a new development in the world of money constantly. now estimates do not work in this market. Italy took new decisions and opted for sanctions.

[sourish]

More and more governments seem to be testing the waters, let us see who takes the plunge deep enough to tempt others to dive in.