Jan 27, 2019
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Italy Announces First Set of Regulation for Blockchain Technologies

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The Italian government does not want to lag in the international race to adapt state policies to blockchain technologies and after a period of calm, announced this week the publication of a decree aimed at protecting and regulating the legal status of cryptocurrency and distributed ledger technologies.

The “Decreto Semplificazioni” -which was approved by the Italian Senate Committee of Constitutional Affairs and Public Works on January 23rd- contains a series of legal stipulations that clarify what the government considers to be cryptocurrency, as well as other terms typical of blockchain technologies and their legal status.

Likewise, the Decree established that the Italian State will be able to use and recognize blockchain technologies as legitimate tools to verify the time in which documents and contracts made in the country are registered.

Part of the Italian Cabinet. Courtesy TPI.it

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