Mr Marzio Ciani

Marzio Ciani

Updates

Banking & Financial Services

Virtual currencies in Italy – an overview
Italy | 27 July 2018

Virtual currencies represent uncharted territory in Italy for various reasons, and the current rules and restrictions will likely need structural adjustments to make them work. The fact that the issuer of virtual currencies for investment purposes is in most cases based in a foreign country (often outside the European Union) could make the scope of current exemptions under the Securities Act too broad.