Italy has a clear regulatory framework for crypto-assets under the EU Markets in Crypto-Assets Regulation (MiCAR) and its national implementation via Legislative Decrees 129/2024 and 95/2025. Crypto-Asset Service Providers (CASPs) must be authorized by Consob, with specific provisions for specialized CASPs and supervised financial intermediaries.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | europe |
| Currency | EUR |
| Adoption Rank | #27 |
| Capital Gains (Personal) | 26% capital gains tax on crypto-assets |
| Capital Gains (Corporate) | Corporate income tax applies, generally 24% IRES plus regional IRAP |
| VAT on Crypto | No |
| Staking Tax | Taxed as income under personal income tax |
| Airdrop Tax | Taxed as income or capital gains depending on circumstances |
Crypto-assets are subject to capital gains tax at 26% for individuals, corporate income tax for companies, and no VAT applies. Staking and mining incomes are taxed as ordinary income.
| Required | Yes |
| Regulator | CONSOB / Banca d'Italia |
| Framework | Markets in Crypto-Assets Regulation (MiCAR) and Legislative Decree 129/2024 |
| Ease | medium |
| Cost (USD) | $25,000 - $200,000 |
Specialized CASPs require authorization from Consob after Bank of Italy opinion; supervised entities provide notification. A supervisory fee of €20,000 applies for authorization applications.
| Name | Year | Status | Scope |
| Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA) | 2023 | Active | supranational |
| Establishes a comprehensive EU framework for crypto-asset service providers (CASPs), stablecoin issuers (ART/EMT), and trading platforms; prohibits market abuse in crypto-assets; full application from 30 December 2024. | |||
| Regulation (EU) 2023/1113 on Transfer of Funds and Certain Crypto-Assets (TFR) | 2023 | Active | supranational |
| Extends FATF Travel Rule to crypto-asset transfers; requires CASPs to collect and transmit originator/beneficiary information for all transfers, removing the EUR 1000 threshold; applies from 30 December 2024. | |||
| Council Directive (EU) 2023/2226 (DAC8) | 2023 | Active | supranational |
| Amends Directive 2011/16/EU to require mandatory automatic exchange of information on crypto-asset transactions held by EU tax residents; CASPs must report to national tax authorities from 1 January 2026. | |||
| Regulation (EU) 2022/2554 on Digital Operational Resilience for the Financial Sector (DORA) | 2022 | Active | supranational |
| Mandates ICT risk management, incident reporting, third-party provider oversight, and digital operational resilience testing for financial entities including CASPs covered by MiCA; applies from 17 January 2025. | |||
| Directive (EU) 2018/843 (5th Anti-Money Laundering Directive) | 2018 | Active | supranational |
| First EU directive to bring crypto-asset exchange services and custodian wallet providers within AML/CFT scope; introduced KYC obligations and registration requirements for Virtual Asset Service Providers. | |||
| Directive (EU) 2018/1673 on Combating Money Laundering by Criminal Law (6AMLD) | 2018 | Active | supranational |
| Harmonises criminal-law definitions and penalties for money laundering across EU member states; establishes minimum custodial sentences and corporate liability rules applicable to crypto-related ML offences. | |||
| Regulation (EU) 2024/1624 on Anti-Money Laundering Requirements (AML Regulation) | 2024 | Active | supranational |
| Replaces 5AMLD/6AMLD with a single AML Regulation directly applicable in all member states; tightens KYC/CDD requirements for CASPs and sets EUR 1000 cash-equivalent threshold for crypto transactions; phased application 2027. | |||
| Commission Delegated Regulation (EU) 2024/2795 supplementing MiCA | 2024 | Active | supranational |
| MiCA Level 2 delegated act setting regulatory technical standards on information requirements and procedures for competent authority notifications under MiCA; part of the MiCA implementation package applicable from December 2024. | |||
CONSOB has blocked unauthorized crypto websites and issued investor warnings. OAM has enforced VASP registration requirements.
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: regulated
DeFi activities fall under MiCAR provisions and CASP authorization requirements, thus regulated under the same framework as other crypto services.
Status: regulated
Stablecoins are regulated under MiCAR, with specific provisions for asset-referenced tokens and e-money tokens.
Status: Unclear
MiCA excludes unique NFTs. CONSOB follows ESMA classification guidance. Italy's art market makes NFT classification particularly relevant.
| Legal | Yes |
| Electricity Cost | $0.2/kWh |
| Renewable Energy | 35% |
| Infrastructure | good |
Mining is legal with moderate electricity costs and a significant share of renewables; infrastructure is good, supporting data centers and mining operations.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 56/100 |
| Banking Access | open |
| Sanctions Program Active | Yes |
Risk Factors
Italy is politically stable with no international sanctions. Corruption is moderate. The business environment is favorable for crypto companies with open banking access and free internet.
Recent Political Events
Italy has a clear regulatory framework for crypto-assets under the EU Markets in Crypto-Assets Regulation (MiCAR) and its national implementation via Legislative Decrees 129/2024 and 95/2025. Crypto-Asset Service Providers (CASPs) must be authorized by Consob, with specific provisions for specialized CASPs and supervised financial intermediaries.
Italy is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-02 · Data source: Soken Crypto Legal Map
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