italy
Algorand Partners with Italian Economic Ministry to Advance Blockchain Initiatives
The Algorand Foundation of Singapore has signed a collaboration agreement with Fondazione Ugo Bordoni aimed at testing and advancing the groundbreaking open-source technology developed by its founder Silvio Micali.
Italy Taxes Cryptocurrency Capital Gains 26%
Italy's Senate authorized a 26% capital gains tax on crypto-asset transactions above 2,000 euros (roughly $2,13 at publishing). Crypto assets may be transferred and kept digitally. Crypto assets were taxed less as foreign currency in the nation.
Italy's G7 Presidency: Focus on AI Regulation, African Development, and Ukraine Support
Italian Prime Minister Giorgia Meloni outlined Italy's G7 presidency priorities for 2024, focusing on AI regulation, supporting African development, and maintaining support for Ukraine against Russia.
Italy and South Korea's Central Banks Forge a Path in CBDC Development
The Bank of Italy and the Bank of Korea have signed an MOU to collaborate on the development of Digital Currencies (CBDCs), a significant development in the digital currency sector.
OpenAI's ChatGPT Under GDPR Investigation in Italy: Facing 30-Day Defense Deadline
Italian Data Protection Authority, Garante, has raised concerns over potential GDPR violations by OpenAI's ChatGPT, requiring OpenAI to defend its processing of personal data for 30 days.
ChatGPT Ban Lifted in Italy
Italy's data protection agency, Garante, has lifted the temporary ban on the interactive AI chatbot, ChatGPT, after the company addressed the privacy concerns raised by the watchdog. The ban was imposed due to ChatGPT's violation of the GDPR, and the company had to implement measures to comply with the Italian regulator's transparency demands before the ban was lifted.
Italy Bans Microsoft-Backed AI Chatbot
Italy's national data agency raised concerns about privacy violations and age verification, resulting in Microsoft-backed OpenAI taking ChatGPT offline. The Italian Deputy Prime Minister criticized the ban as excessive and harmful to national business and innovation. OpenAI stated it adheres to privacy regulations and is willing to cooperate with Italy's privacy regulatory body.
Italy will tax cryptocurrency earnings 26%
Italy will restrict digital currencies in 2023. Cryptocurrency trading earnings above 2,000 euros ($2,062) will incur a 26% capital gains tax. As "foreign money," digital currencies have enjoyed reduced tax rates. Portugal wants to tax cryptocurrency capital gains at 28%.
Italian Town Spearheads Blockchain-Propelled Waste Management
Miglianico, an Italian town in the Abruzzo region, is famous for its wine production based on its expansive vineyards. The city is planning to establish a new blockchain breakthrough by being the first town in the country to incorporate distributed digital ledger technology for its waste management solutions.
WeChat Offers Digital Yuan Payments Ahead of Beijing Winter Games
WeChat has become compatible with payments using the digital yuan ahead of the Beijing Winter Olympics, owner Tencent Holdings said.
China Expands Digital Yuan Pilot Sites to 23 regions across 15 Provinces
The People's Bank of China announced that it will expand the digital yuan pilot program from 11 regions to 23 regions in 15 provinces and cities.
Italian Authorities Bust Illegal Ethereum Mining Activities Using Airport Computers
Airport officials working at Italy’s Lamezia Terme International airport have nabbed a 41-year-old technician for unlawfully mining Ethereum using the airport computers.
Crypto Exchange Blockchain.Com Joins Exchanges in Italy
Blockchain.com said the registration is an important part of its global plans to provide services across Europe and across the world, as the exchange just get approval from the Italian regulator.
Bitstamp Gets Regulatory Approval to Operate in Italy
Bitstamp achieved a major milestone by acquiring approval from Italian regulators to offer crypto services to its users.
Coinbase to Expand European Operations by Acquiring Italian License
Nasdaq-listed cryptocurrency exchange Coinbase Global Inc has announced it has tapped a new license from the Italian market regulator, the Organismo Agenti e Mediatori (OAM).
BitGo Receives Regulatory Approval from Italy
BitGo joins other crypto firms in gaining clearance to operate in Italy.
Crypto Exchange Coinify Gets Regulatory Approval to Operate in Italy
Denmark-based cryptocurrency exchange Coinify has announced that it has received regulatory approval to operate in Italy.
Italian Government to Provide €45m in Grants for Blockchain Industry
Italy’s Ministry of Economic Development is planning to provide up to $46 million in subsidies for blockchain and AI industries.
Italian Soccer Giant Juventus Embraces Blockchain Technology
In a move widely celebrated by fans, Juventus Football club of Italy enters into a licence agreement with blockchain based fantasy football company, Sorare.
Bitcoin Community Helps in Setting Up Italian Red Cross Medical Center to Fight Coronavirus
The Bitcoin community has funded a noble cause of establishing the second level Advanced Medical Post (AMP) belonging to the Italian Red Cross as it will be instrumental in saving lives in Italy amid the coronavirus (COVID-19) pandemic. The epidemic has hit Italy hard as it has recorded more than 132,000 cases and at least 16,000 deaths.
IBM’s Blockchain Technology Hand Picked By Coop Italia for Food Traceability
Coop Italia, the biggest retail chain in Italy, has acknowledged this attribute as it has selected IBM’s blockchain technology to enable its private label brand called Coop Vivi Verde to trace the origin of eggs in its supply chain.
Italian Bank Offers Crypto Trading to Over A Million Customers Amid Coronavirus Pandemic
Due to the coronavirus outbreak and the lockdown situation in Italy, an Italian Bank, Banca Sella has launched Bitcoin trading services for its 1.2 million customers of Hype mobile banking platform.
G7 Will Meet to Discuss CBDC and Digital Tax this Week Says Japan’s Finance Minister
The Group of Seven (G7) will meet on Feb.12 to discuss central bank digital currencies (CBDC), digital taxation and global debt according to Japan’s Finance Minister Taro Aso.
Five EU Member States Take Position Against Stablecoins
Five members of the 27-member European Union Bloc has urged the body to pass regulations to stiffen the emergence and existence of stablecoins in the region
Binance Launches 'Crypto Against COVID' Charity Project To Fight Global Pandemic
On March 25, 2020, Binance in its blog post announced the launch of its new fundraising project titled 'Crypto Against COVID' which aims to raise $5 million in cryptocurrencies which will be used to buy medical equipment for the countries worst affected by Coronavirus.
Carrefour Shoppers in the UAE to Get Farm-to-Shelf Information with Blockchain Technology
Carrefour customers in the United Arab Emirates (UAE) will be able to track the origins of the products with blockchain technology.
Bitpay Announces the First Large Online International Furniture Brand to Go Live
Beliani, a European online home accessory and furniture seller, has inked a partnership with BitPay, a US-based bitcoin payment service provider, to allow buyers make purchases using cryptocurrencies, such as Bitcoin, Ripple, Ether, and Bitcoin Cash, as well as dollar-pegged stablecoins like USD Coin (USDC). This approach will enable shoppers to save 2-3% on every crypto transaction made compared to other payment methods.
Baidu Trends: Bitcoin Searches Skyrocket Amid Social Distancing and Working From Home Approaches
According to Baidu, a Chinese multinational technology company offering internet-related services, Bitcoin searches have shot up by 183% in the last one month. This trend can be linked to the fact that many countries have asked their citizens to adhere to precautionary approaches, such as self-quarantining, social distancing, working from home, necessitated when tackling coronavirus.
Facebook’s Libra Launch Will Be Halted Until Proper Regulations Are Set, According to G7 Draft
A G7 statement showed that the financial leaders of the world’s seven largest economies will oppose the launch of Libra.
Dark Web Sucks in Bitcoin Payments From Viewers Paying to See Livestream Murder
Two 17-year-old Italians have been detained under the Delirium operation for instigating child pornography and live torture viewings on the dark web. The two Italians paid Bitcoin (BTC) to a dark site address in order to unlock explicit footage of children being sexually abused.