Crypto News
Italy’s central bank orders sanctions screening for crypto transfers
Banca d’Italia ordered crypto service providers to implement internal controls to screen for crypto transfers tied to sanctioned entities.
Banca d’Italia ordered crypto service providers to implement internal controls to screen for crypto transfers tied to sanctioned entities.
Existing holdings would keep the current tax treatment, which can allow tax-free sales after a 12-month holding period.
Renzo Basis will first support BTC and HYPE and is designed to let users earn yield from funding rates through automated positions.
The motion for a preliminary injunction comes a few weeks after the Crypto Council for Innovation and Blockchain Association sued to block the law.