🇮🇹

Crypto Regulation in Italy

Legal

Italy regulates crypto under MiCA through CONSOB and the Bank of Italy. Italy introduced a 26% substitute tax on crypto capital gains in the 2023 Budget Law, providing long-awaited tax clarity.

Region: EuropeCurrency: EURAdoption Rank: #27Risk Score: 30/100

Tax Information

Capital Gains (Personal)
26% substitute tax on crypto gains exceeding EUR 2,000 in a tax year
Capital Gains (Corporate)
24% IRES + 3.9% IRAP on crypto gains
VAT on Crypto
No
Staking Tax
Taxed at 26% substitute tax rate
Airdrop Tax
Taxed at 26% upon realization
Mining Tax
Taxed as business income at corporate rates
Summary
Italy's 2023 Budget Law introduced a 26% substitute tax on crypto capital gains exceeding EUR 2,000 per tax year. A step-up in cost basis option was offered allowing taxpayers to revalue holdings by paying 14% on the January 1, 2023 value. This provided significant clarity after years of uncertainty.

Licensing & Registration

License Required
Yes
Regulator
CONSOB / Bank of Italy (Commissione Nazionale per le Società e la Borsa / Banca d'Italia)
Framework
Markets in Crypto-Assets Regulation (MiCA); Italian VASP Registration Decree
License Types
Crypto-Asset Service Provider (CASP) Authorization under MiCA, VASP Registration with OAM
Estimated Cost (USD)
$25,000 - $200,000
Timeline
4-12 months
Ease of Licensing
Medium
Notes
Italy requires VASP registration with OAM (Organismo Agenti e Mediatori). CONSOB oversees market conduct under MiCA while the Bank of Italy handles prudential supervision. Milan has a growing fintech ecosystem.

AML / KYC

KYC Required
Yes
Travel Rule
Yes
FATF Member
Yes
FATF Status
Compliant
Suspicious Activity Reporting
Yes

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.2
Renewable Energy
35%
Climate
Temperate
Infrastructure
Good
Tax on Mining Income
24% IRES + 3.9% IRAP on crypto gains

DeFi, Stablecoins & NFTs

DeFi: regulatedStablecoins: specific frameworkNFTs: unclearCBDC: exploring

Soken Services

Legal Opinion
Available | $3,000 - $12,000 | 10 days
Banking
Difficulty: Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SEPA, SWIFT, SEPA Instant
Card Payments
Visa, Mastercard
Company Registration
$8,000 | 30 days | Limited Liability Company (LLC)
Licensing Support
Available | $25,000 - $100,000

Sources

CONSOB EU MiCA Regulation
Reviewed: 2026-03-12verified

Frequently Asked Questions

Is crypto legal in Italy?
Cryptocurrency is currently classified as "Legal" in Italy. Italy regulates crypto under MiCA through CONSOB and the Bank of Italy. Italy introduced a 26% substitute tax on crypto capital gains in the 2023 Budget Law, providing long-awaited tax clarity.
What is the crypto tax rate in Italy?
In Italy, the personal capital gains tax on crypto is 26% substitute tax on crypto gains exceeding EUR 2,000 in a tax year, and the corporate tax rate is 24% IRES + 3.9% IRAP on crypto gains. Italy's 2023 Budget Law introduced a 26% substitute tax on crypto capital gains exceeding EUR 2,000 per tax year. A step-up in cost basis option was offered allowing taxpayers to revalue holdings by paying 14% on the January 1, 2023 value. This provided significant clarity after years of uncertainty.
Do I need a crypto license in Italy?
Yes, a crypto license is required in Italy. The regulator is Commissione Nazionale per le Società e la Borsa / Banca d'Italia under Markets in Crypto-Assets Regulation (MiCA); Italian VASP Registration Decree. Estimated licensing cost: $25,000 - $200,000.
Is crypto mining legal in Italy?
Yes, crypto mining is legal in Italy. Electricity costs approximately $0.2/kWh. Mining income is taxed at: 24% IRES + 3.9% IRAP on crypto gains.
What are the AML/KYC requirements for crypto in Italy?
Yes, crypto businesses in Italy must comply with KYC (Know Your Customer) requirements. The FATF Travel Rule is implemented. FATF compliance status: compliant.