18-July-2024
Markets and Finance
 
Italy boosts crypto risk oversight and toughens sanctions, draft shows
21-Jun-2024

Italy plans to adopt measures to beef up surveillance over risks tied to cryptoassets, including high fines for those who manipulate the market, a draft decree reviewed by Reuters showed on Thursday. The decree, due to be approved by cabinet later on Thursday, lays out fines of between 5,000 and 5 million euros ($5,400-$5.4 million) for insider trading, unlawful disclosure of inside information or market manipulation.

News Source:- https://economictimes.indiatimes.com/markets/cryptocurrency/italy-boosts-crypto-risk-oversight-and-toughens-sanctions-draft-shows/articleshow/111143192.cms