Italy has a bold initiative aimed at bolstering oversight and combating market manipulation within the cryptocurrency sector. A draft decree obtained by a leading news agency outlines stringent measures that include hefty fines for offenses like insider trading and market manipulation.

According to the proposed regulations, individuals found guilty of manipulating the crypto market could face fines ranging from €5,000 to €5 million ($5,400 to $5.4 million).&middot

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