๐#CryptoNews Alert! Italy is stepping up its game in the crypto market, introducing measures to curb market manipulation. High fines up to 5 million euros could be imposed for insider trading and unlawful disclosure of inside information. ๐
The draft decree, due for approval, designates Italy's central bank and market watchdog, Consob, as the authorities. This move aligns with the EU's regulatory framework, the Markets in Crypto Asset (MiCA). ๐ฎ๐น๐ผ
Despite only 2% of Italian households holding crypto, the nation is making strides. Remember Conio, the crypto wallet company that partnered with Coinbase to bring digital assets to Italian banks? ๐ฆ๐ฐ
What do you think about Italy's move? Will it encourage or discourage crypto adoption in the country? Let's discuss! ๐จ๏ธ๐ #CryptoRegulation #ItalyCrypto
