According to a draft document reviewed by Reuters, the Italian cabinet will approve the draft later today, which stipulates fines of 5,000 to 5 million euros for insider trading, illegal disclosure of insider information or market manipulation. The draft also designates the Italian Central Bank and market regulator Consob as relevant regulators. The measure is part of the European Union's Markets in Crypto-Assets (MiCA) regulatory framework, which aims to strengthen supervision of crypto markets. (Coindesk)