Italy will oblige foreign cryptocurrency companies to create a branch or “daughter” to provide services in the country
The Italian Ministry of Economy and Finance has introduced new rules for cryptocurrency companies in the country aimed at combating money laundering (AML). According to the local official Gazzetta Ufficiale, the regulation lists all registration and reporting requirements for Virtual Asset Service Providers (VASPs). According to the document, if a company offers services related to cryptocurrencies in the country, it must register in a special register of VASPs approved in Italy. The new rules were…
