Italy

Italy Imposes 26% Crypto Tax

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  |  Cybersecurity

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  |  Legal & 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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Italy’s Central Bank Clashes With Government Over Cash Policy
Italy’s Central Bank Clashes With Government Over Cash Policy
December 05, 2022  |  Cash

Italy’s central bank is warning the new government about the risks of a cash-heavy economy. As new Prime Minister Giorgia Meloni’s government looks to ease...

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Italy’s New Government Now Likes Cash
Italy’s New Government Now Likes Cash
December 04, 2022  |  Digital Payments

Italy could give merchants permission to decline digital payments on transactions under 60 euros. New prime minister Giorgia Meloni has proposed that change in her...

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Italian Banking Group Sella Launches Biometric Payment Card
Italian Banking Group Sella Launches Biometric Payment Card
November 22, 2022  |  Biometrics

Italian banking group Sella Group has collaborated with IDEMIA to launch biometric payment cards that are powered by IDEX Biometrics’ TrustedBio fingerprint sensor solution. Sella...

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