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Tag Archives: Italy

These Countries Have the Best Crypto Tax Legislation: Research

The digital asset exchange aggregator – Coincub – conducted a study to find out which countries offer the friendliest cryptocurrency tax policies to their citizens. Germany ranked as the world’s crypto tax heaven, while Italy and Switzerland were respectively second and third. Taking a look at the opposite corner, Belgium is the worst nation for cryptocurrency taxation, followed by Iceland and Israel. Interestingly, India (where the government applies a 30% taxation rate on...

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Tether Hires New Auditor BDO Italia For Monthly USDT Reserves Report

Leading stablecoin issuer Tether has hired accounting firm BDO Italia to replace Cayman Islands firm MHA Cayman in overseeing its attestation reports for USDT reserves.  The USDT issuer said it plans to release its attestation reports every month, replacing the previous quarterly reporting arrangement.  Tether Hires Major European Auditor Founded in 1965, BDO Italia is an Italian financing advisory and accounting auditing firm, the world’s fifth largest public accounting...

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Italian Scammers Sell Fake COVID-19 Health Passes on Telegram for Cryptocurrency

The Italian authorities shut down 32 Telegram groups that offered fake COVID-19 passes to thousands of people. The criminals preferred cryptocurrency payments for the illegal service. Cryptocurrencies in Exchange for a Green Pass According to a recent report by Reuters, the Italian police halted the operation of several groups on the online messaging application Telegram. There, scammers offered fake COVID-19 health passes to people who wanted to bypass the law and get the...

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Crypto Crime Takes on New Form in Recent Italy Harassment Case

Crypto crime is no laughing matter and as we have seen in the past, it can take on many forms. It does not always come in the shape of a cyberattack or a hack on an exchange. Rather, sometimes people will try to use crypto to hide their malicious intent. Crypto Crime Isn’t Always a Hack One recent case allegedly involves a man in Rome, Italy, who is presently under house arrest after being accused of paying an attacker approximately $12,000 in BTC to maim his ex-girlfriend. Police claim that...

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Italy Experiences Its Biggest Case of Digital Asset Fraud

An unnamed individual in Rome, Italy has been accused of one of the largest cryptocurrency fraud schemes ever recorded in the space’s short, yet significant history. As it stands, police investigators are only claiming that the man allegedly responsible possesses the initials “F.F.” and that he is roughly 34 years of age. Not much else is known about him at press time.Italy Is at the Center of a Crypto Fraud InvestigationThe fraud is reported to have occurred last year in 2019. It happened...

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$17.6 Billion Fintech Group: Italian E-Payments Giants Team Up

Two of the biggest Italian digital payment companies Nexi and SIA have reportedly high-fived for a new deal to create a domestic payments group with 1.8 billion euros ($2 billion) in revenue. The new firm’s executives plan to expand in Europe and compete with other digital payments companies.Burying The HatchetViewed as the two major rivals at the Italian electronic payments market, Nexi and SIA are expected to put together one of the biggest firms, picking up 70% of the domestic market...

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Bitcoin Surges as Number of COVID-19 Cases Abroad Drop

Bitcoin has once again shot past the $7,000 mark. At the time of writing, the world’s top cryptocurrency by market cap has surged more than $300 and is now trading for approximately $7,150. Just yesterday, the asset was selling for about $6,800.Bitcoin Is Once Again On TopBitcoin has been through the mill these last few weeks, dropping from about $10,350 in mid-February to roughly $3,800 in March. The currency has clearly recovered somewhat since then, but there’s still about $3,000 to go if...

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Hype Bank Is Making It Easy for Italians to Garner Bitcoin

Hype Bank – a small financial startup in Italy – is making it easy for the country’s residents to get their hands on bitcoin during the coronavirus outbreak.Hype Bank Brings BTC to Residents of ItalyItaly has been hit hard by the ongoing pandemic, with death and infection rates now comparable to those in China. It is arguably the hardest hit region of Europe. The country is now warning of a hardcore recession, and many may find it hard to garner the funds they’ll need to ensure their survival...

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You Can Offer Your BTC to Combat the Coronavirus in Europe

The coronavirus has spread to several countries across all major continents in the past few months. Thus far, more then 300,000 cases have been reported while the death toll exceeds 14,000.Bitcoin Will Battle the CoronavirusMany non-profit organizations and similar ventures are looking to donate their time, energy and resources towards battling the pandemic and assisting those who have succumbed to it, and for crypto holders, the time to ensure these companies get what they need is...

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