Italy

Italy Reshapes Pro-Cash Strategy Amid Surge in Digital Payment Adoption
Italy Reshapes Pro-Cash Strategy Amid Surge in Digital Payment Adoption
January 15, 2023  |  Cash

Leading up to final approval, payments-related aspects of Italy’s 2023 budget were hotly debated. One of those debates ended up with the government backtracking on...

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Italians Twice as Likely to Use eWallets for eCommerce Transactions
Italians Twice as Likely to Use eWallets for eCommerce Transactions
January 04, 2023  |  Digital Payments

Italian consumers are twice as likely to use a mobile wallet online compared to in-store. On a global scale, Italy emerged fourth in mobile wallet...

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Italy’s 26% Crypto Tax Signals Dwindling Band of Global Havens
Italy’s 26% Crypto Tax Signals Dwindling Band of Global Havens
January 03, 2023  |  Cryptocurrency

Italy’s 26% crypto tax shines a light on different global approaches to crypto taxation. When crypto assets first exploded onto the world stage, governments scrambled...

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Italy Imposes 26% Crypto Tax
Italy Imposes 26% Crypto Tax
December 30, 2022  |  Cryptocurrency

Italy’s new crypto tax is set to impose a 26% capital gains levy on traders. The tax on crypto traders is set to go into...

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Nexi Digital Payment Services to Integrate With Olivetti Cash Registers
Nexi Digital Payment Services to Integrate With Olivetti Cash Registers
December 27, 2022  |  Point of Sale

Nexi has signed an agreement to integrate its payment services with Olivetti cash registers. The memorandum of understanding will see the two Italian firms —...

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Italian and Albanian Authorities Break Up Crypto Scam Ring
Italian and Albanian Authorities Break Up Crypto Scam Ring
December 23, 2022  |  Security & Fraud

Italian and Albanian authorities have broken up an organized crime group’s crypto scam.  The group had stolen an estimated 15 million euros (about $16 million),...

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Italy U-Turns on Policy Supporting Cash Payments
Italy U-Turns on Policy Supporting Cash Payments
December 19, 2022  |  Cash

The Italian government has scaled back plans to promote cash payments. After announcing in its 2023 budget that it would scrap fines for merchants that...

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Bank of Italy Chooses Algorand for Blockchain Project
Bank of Italy Chooses Algorand for Blockchain Project
December 13, 2022  |  Blockchain

The Bank of Italy has chosen Algorand to serve as its public blockchain platform. The platform, due to roll out early next year, will be...

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Italy Considering Tax to Reduce Bank Fees on Merchant Digital Payments
Italy Considering Tax to Reduce Bank Fees on Merchant Digital Payments
December 07, 2022  |  Regulation

Italy’s ruling coalition may deploy a tax on banks in its fight against digital payments.  The coalition’s proposed tax on banks — which has been...

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