AN OVERVIEW OF THE CRYPTOCURRENCY REGULATIONS IN ITALY

Italy, a nation renowned for its rich history, artistic heritage, and culinary excellence, is now stepping into the future by embracing the world of cryptocurrency. As such, it is essential to adhere to tax regulations and seek guidance from a tax professional with expertise in cryptocurrency taxation in Italy to ensure compliance. How is Crypto taxed in Italy? Before 2025, any gains derived from the disposal of crypto assets weren't taxable as crypto assets were considered non-speculative.As digital assets gain traction globally, Italy is actively developing its regulatory landscape to foster innovation while safeguarding investors and ensuring compliance with international standards. If a country has implemented regulation for cryptocurrencies, we further categorize its regulatory approach into one of the following three categories: (i) Existing Framework: The country integrates cryptocurrency regulations within its existing legal and regulatory framework; (ii) New Framework: The country establishes a new, bespokeNavigating this emerging domain can be complex, especially considering Italy's membership in the European Union and its adherence to EU-wide regulations like the Markets in Crypto-Assets (MiCA) regulation. In terms of regulatory actions, traditional financial regulations in Sierra Leone, such as anti-money laundering (AML) and combating the financing of terrorism (CFT) laws, are applied to cryptocurrency transactions where possible. This includes monitoring for suspicious activities and ensuring compliance with international AML standards.This comprehensive overview delves into the current state of cryptocurrency regulations in Italy, exploring the legal framework, tax implications, and future developments. This guide will provide an overview of the tax laws and regulations that apply to cryptocurrencies in Italy, including calculating your taxes and reporting your crypto transactions to the Italian tax authority, Agenzia Entrate. It will also include useful tips and resources to help you navigate Italy's complex world of crypto taxation.Whether you're an investor, a business owner, or simply curious about the Italian crypto scene, this guide will provide you with the essential information you need to navigate this exciting new frontier.Let's explore the intricacies of crypto regulations in Italy together!

The Legal Status of Cryptocurrency in Italy

Cryptocurrency is legal in Italy.In 2025, the Italian government formally recognized virtual currencies, defining them as digital representations of value not issued by central banks.This recognition paved the way for the development of a more structured regulatory environment.The key aspect is that while cryptocurrency is legal, it is not considered legal tender.

Understanding MiCA and its Impact on Italy

As a Member State of the European Union, Italy is subject to EU regulations concerning digital assets. It is shaping how countries around the globe regulate digital money. The U.S. has made various laws to handle the challenges digital currencies bring. These laws aim to keep innovation going while protecting consumers. Overview of U.S. Crypto Laws. In the U.S, the approach to cryptocurrency regulations has changed a lot.The most significant of these is the Markets in Crypto-Assets (MiCA) regulation, a comprehensive framework designed to oversee the crypto asset market across the EU. In May 2025, the European Union introduced the world s first comprehensive cryptocurrency regulation, known as the Crypto-Asset Markets Regulation (MiCA). Currently, the European Securities and Markets Authority (ESMA) is consulting the public on various measures. Any company issuing orAdopted in 2025, MiCA aims to harmonize regulations across Europe, enhance security for both operators and investors, and prevent money laundering and other illicit activities.

MiCA establishes a unified regulatory framework for crypto-assets not covered by existing financial services legislation.This includes:

• Asset-Referenced Tokens (ARTs): Crypto-assets that maintain a stable value by referencing another asset or basket of assets.
• E-Money Tokens (EMTs): Crypto-assets that are a digital representation of electronic money.
• Other Crypto-Assets: A broad category covering crypto-assets that don't fall into the above two categories.

MiCA Implementation in Italy

On 30th August 2025, the Italian government passed a draft decree for the implementation of MiCA into Italian legislation.This involves adapting national laws to align with the EU regulation.Registration with the Organismo Agenti e Mediatori (OAM) is a crucial step for crypto companies operating in Italy.This registration allows providers to benefit from transitional arrangements as the new MiCA regulations are being fully implemented.The Italian Government has approved the Legislative Decree implementing the MiCAR.

The Role of the Organismo Agenti e Mediatori (OAM)

Since January 2025, Italy has been strengthening cryptocurrency exchange regulations by mandating that crypto companies register with the Organismo Agenti e Mediatori (OAM).The OAM is an Italian body responsible for supervising financial agents and credit brokers.By requiring crypto companies to register, the OAM aims to foster greater transparency and accountability within the crypto sector.

Registration with the OAM involves providing detailed information about the company's operations, ownership structure, and compliance procedures. As cryptocurrency continues to rise in popularity, governments around the world are grappling with how to regulate this evolving asset class. With the potential to reshape industries, the need for regulations to protect users, ensure stability, and fight illicit activities is becoming increasingly urgent.This helps the OAM monitor the activities of crypto companies and ensure they adhere to anti-money laundering (AML) and know-your-customer (KYC) regulations.

Navigating Cryptocurrency Taxation in Italy

The taxation of cryptocurrencies in Italy is regulated by specific laws that aim to ensure tax transparency and compliance.However, the system can be complex.

How is Crypto Taxed in Italy?

In Italy, capital gains from cryptocurrency trading exceeding €2,000 in a tax year are subject to a 26% capital gains tax. Some states have additional regulations. The IRS considers cryptocurrency taxable. However, certain crypto-related financial products face restrictions. Always check current regulations before trading. Important Cryptocurrency Regulation in the US. US cryptocurrency regulations have become stricter, and compliance has never been more crucial.This threshold applies to the aggregate gains from all crypto asset disposals during the year.

Before 2025, any gains derived from the disposal of crypto assets weren't taxable as crypto assets were considered non-speculative if they did not exceed a certain threshold. Italy, celebrated for its timeless history and cultural legacy, is emerging as a dynamic player in cryptocurrency. With the rapid growth of the digital asset market, navigating the complex tax landscape is now more essential than ever for investors and innovators alike. If dealing with crypto taxes in Italy feels like a maze, you re not alone.The current regulations now provide a clearer framework for taxing crypto gains.

Key Considerations for Crypto Taxation

Here are some key considerations for navigating crypto taxation in Italy:

1. Taxable Events: Taxable events include the sale, exchange, or gifting of cryptocurrencies.
2. Cost Basis: The cost basis is the original purchase price of the cryptocurrency. Since January 2025, Italy has been strengthening cryptocurrency exchange regulations by mandating that crypto companies register with the Organismo Agenti e Mediatori (OAM), fosteringIt's important to keep accurate records of all transactions to determine the cost basis and calculate capital gains or losses.
3. Record Keeping: Maintaining detailed records of all crypto transactions is essential for accurate tax reporting.This includes the date of the transaction, the type of cryptocurrency, the quantity, and the value in euros at the time of the transaction.
4. Reporting Requirements: Crypto transactions must be reported on your annual tax return (Dichiarazione dei Redditi).

Example: Let's say you purchased 1 Bitcoin for €10,000 and later sold it for €15,000.Your capital gain would be €5,000. Is cryptocurrency legal in Italy? Freeman Law can help with digital currencies and tax compliance. Schedule a free consultation!If your total capital gains from crypto trading for the year exceed €2,000, you would be subject to a 26% tax on the €5,000 gain, which amounts to €1,300.

It is essential to adhere to tax regulations and seek guidance from a tax professional with expertise in cryptocurrency taxation in Italy to ensure compliance.There are firms, such as Freeman Law, that specialize in digital currencies and tax compliance.

Anti-Money Laundering (AML) and Know Your Customer (KYC) Regulations

Like many countries, Italy applies anti-money laundering (AML) and know-your-customer (KYC) regulations to cryptocurrency transactions where possible.This is crucial for preventing illicit activities such as money laundering and terrorist financing.These regulations typically require crypto exchanges and other service providers to:

• Verify the identity of their customers (KYC): This involves collecting and verifying customer information, such as name, address, and date of birth.
• Monitor transactions for suspicious activity (AML): This involves monitoring transactions for patterns that may indicate money laundering or other illicit activities.
• Report suspicious activity to the relevant authorities: This involves reporting any suspicious activity to the Financial Intelligence Unit (UIF) of the Bank of Italy.

Comparing Italy's Crypto Regulations to Other Countries

Italy's approach to cryptocurrency regulation is relatively progressive compared to some other countries. Cryptocurrency is legal in Italy, with supportive regulations for digital assets. Popular payment methods include bank transfers and credit cards. The euro (EUR) is widely supported on crypto platforms. Key regulatory bodies include the Bank of Italy and CONSOB. Italy follows EU regulations, including MiCA, for crypto oversight.While some nations have outright banned or severely restricted cryptocurrency activities, Italy has taken a more balanced approach, aiming to foster innovation while protecting investors and preventing illicit activities.

United States

The U.S. has a fragmented approach to cryptocurrency regulation, with various federal and state agencies involved.The Securities and Exchange Commission (SEC) focuses on whether digital assets qualify as securities under the Howey Test. Explore international crypto-asset regulations, focusing on MiCAR adoption, licensing requirements, timelines, costs, and practical insights for informed decision-making.The Commodity Futures Trading Commission (CFTC) regulates cryptocurrency derivatives.The IRS considers cryptocurrency taxable.U.S. cryptocurrency regulations have become stricter, and compliance has never been more crucial.

India

As of November 2025, India's approach to cryptocurrency regulation is characterised by a blend of caution and progressive measures. On the Italian Government approved the Legislative Decree implementing the MiCAR. Discover more.Cryptocurrencies are not recognised as legal tender in India. Registration with OAM will allow providers to benefit from transitional arrangements as the new MiCA regulations are being implemented in Italy. Overview of MiCA transition and timeline On 30 th August 2025, the Italian government passed a draft decree for the implementation of MiCA into Italian legislation.India has implemented a tax regime for crypto assets.

Burundi

Burundi’s approach to cryptocurrency regulation signifies a strategic and balanced effort.By establishing a clear legal framework, focusing on consumer protection, and encouraging innovation, Burundi has created an environment that is conducive to the growth of the cryptocurrency sector.

Austria

Austria’s cryptocurrency legislation is a reflection of its cautious yet progressive stance towards financial innovation. Understanding Cryptocurrency Regulations 1. What Are Crypto Regulations? Crypto regulations are laws and guidelines established by governments and financial authorities to govern the use, trading, and taxation of digital currencies.By establishing clear regulations, Austria not only protects investors and consumers but also fosters a stable and reliable environment for the growth of the cryptocurrency and blockchain industries.

Practical Tips for Crypto Users in Italy

Navigating the Italian crypto landscape can be simplified by following these practical tips:

• Choose Reputable Exchanges: Select cryptocurrency exchanges that are registered with the OAM and comply with AML/KYC regulations.
• Secure Your Crypto Wallets: Use secure crypto wallets and take appropriate measures to protect your private keys. Global overview of cryptocurrency regulations. Below are global oversights of cryptocurrency regulation in different countries. United States. The U.S. announced a new framework in 2025 that opened the door to further crypto regulation.Consider using hardware wallets for long-term storage.
• Stay Informed: Keep up-to-date with the latest regulatory developments and tax laws related to cryptocurrency in Italy.
• Consult with Professionals: Seek advice from tax professionals and legal experts who specialize in cryptocurrency to ensure compliance.

Common Questions About Crypto Regulations in Italy

Is cryptocurrency legal in Italy?

Yes, cryptocurrency is legal in Italy, but it is not considered legal tender.

Do I have to pay taxes on my crypto gains in Italy?

Yes, capital gains from cryptocurrency trading exceeding €2,000 in a tax year are subject to a 26% capital gains tax.

What is the OAM and why is it important for crypto companies?

The Organismo Agenti e Mediatori (OAM) is an Italian body responsible for supervising financial agents and credit brokers.Crypto companies operating in Italy are required to register with the OAM to ensure compliance with regulations.

What is MiCA and how does it affect Italy?

MiCA (Markets in Crypto-Assets Regulation) is a comprehensive EU-wide regulatory framework for crypto-assets.As a Member State of the European Union, Italy is subject to MiCA, which aims to harmonize regulations across Europe and enhance security for both operators and investors.

The Future of Cryptocurrency Regulation in Italy

The regulatory landscape for cryptocurrency in Italy is likely to continue evolving as the digital asset market matures.With the full implementation of MiCA and ongoing developments in the EU, Italy will need to adapt its national laws and regulations to stay in compliance. What are the Cryptocurrency Laws in India? As of November 2025, India s approach to cryptocurrency regulation is characterised by a blend of caution and progressive measures. Here s an overview of the current legal landscape: Legal Status. Cryptocurrencies are not recognised as legal tender in India.It is expected that future regulations will focus on further enhancing investor protection, preventing illicit activities, and promoting innovation in the crypto sector.

Conclusion

Italy's approach to cryptocurrency regulation is a balancing act between fostering innovation and ensuring consumer protection.The adoption of MiCA and the registration requirements with the OAM are significant steps toward creating a more regulated and transparent crypto market.For investors and businesses operating in Italy, it is crucial to stay informed about the latest regulatory developments and comply with all applicable laws and regulations. Overview of Italy s Crypto Regulation Last updated: . As a Member State of the European Union, Italy is subject to EU regulations concerning digital assets. In 2025, the EU adopted the Markets in Crypto-Assets Regulation (MiCA), a comprehensive regulatory framework designed to oversee the crypto asset market across the EU.Navigating the crypto landscape can be complex, but with the right knowledge and guidance, you can successfully participate in this exciting new frontier. Italy has developed one of the more comprehensive regulatory frameworks for cryptocurrencies in Europe. The Italian government formally recognized virtual currencies in 2025, defining them as digital representations of value not issued by central banks.Remember to consult with legal and tax professionals to ensure you are fully compliant with Italian regulations.

Key Takeaways:

• Cryptocurrency is legal in Italy but not legal tender.
• Italy is subject to EU regulations, including MiCA.
• Capital gains from crypto trading exceeding €2,000 are taxed at 26%.
• Registration with the OAM is mandatory for crypto companies.
• AML/KYC regulations apply to cryptocurrency transactions.

If dealing with crypto taxes in Italy feels like a maze, you re not alone. As a Member State of the European Union, Italy is subject to EU regulations concerning digital assets. In 2025, the EU adopted the Markets in Crypto-Assets Regulation (MiCA), a comprehensive regulatory framework designed to oversee the crypto asset market across the EU.Our offerings encompass the preparation and submission of cryptocurrency-related tax returns, representation in interactions with tax authorities, and continuous advisory assistance to ensure your activities comply with Italy's tax regulations. In conclusion, Austria s cryptocurrency legislation in 2025 is a reflection of its cautious yet progressive stance towards financial innovation. By establishing clear regulations, Austria not only protects investors and consumers but also fosters a stable and reliable environment for the growth of the cryptocurrency and blockchain industries.Schedule a consultation with a tax professional today!