🇮🇹 Italy

Italy has a clear and comprehensive regulatory framework for cryptocurrencies, including the Markets in Crypto-Assets Regulation (MiCAR) and the Italian VASP-to-CASP Transition Decree. The regulatory authorities actively monitor and combat financial fraud and unauthorized crypto activities.

Overview

StatusLegal
Risk Score30/100 (Moderate Risk)
Regioneurope
CurrencyEUR
Adoption Rank#27

Tax

Capital Gains (Personal)26% flat tax on crypto capital gains above €2,000 annual threshold
Capital Gains (Corporate)24% IRES + 3.9% IRAP
VAT on CryptoYes

VAT applies to crypto transactions. Specific tax rates for capital gains, staking, mining, and airdrops are not explicitly stated in the provided text.

Licensing

RequiredYes
RegulatorCONSOB / Bank of Italy
FrameworkMarkets in Crypto-Assets Regulation (MiCAR) and Italian VASP-to-CASP Transition Decree
Easemedium
Cost$25,000 - $200,000

Licensing is regulated under MiCAR and the Italian VASP-to-CASP Transition Decree, with medium difficulty to obtain licenses.

DeFi

Status: regulated

DeFi activities are regulated under the existing crypto regulatory framework in Italy.

Stablecoins

Status: regulated

Stablecoins are regulated under the Markets in Crypto-Assets Regulation (MiCAR) framework.

NFTs

Status: Unclear

MiCA excludes unique NFTs. CONSOB follows ESMA classification guidance. Italy's art market makes NFT classification particularly relevant.

Mining

LegalYes
Electricity$0.2/kWh
Renewable35%
Infrastructuregood

Mining is legal with moderate electricity costs and a significant share of renewable energy. Infrastructure quality is good.

Geopolitics

Stabilitystable
SanctionsNo
Corruption Index56/100
Banking Accessopen

Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map

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