Italy plans to enhance crypto market surveillance, impose penalties for insider trading and market manipulation, with fines ranging from €5,000 to €5 million.

Italy plans to increase crypto market surveillance and impose tougher penalties, with fines ranging from €5,000 to €5 million for insider trading, unlawful disclosure of inside information, and market manipulation. The measures, outlined in a draft decree, aim to protect financial stability and are aligned with a European regulation from last year. Italy's central bank and market watchdog, Consob, will oversee cryptocurrency activities.

June 20, 2024
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