Places Italy

The Bank of Italy highlighted TerraUSD's collapse and Tether's lesser depeg.

The U.K. and the U.S. followed as the second and third highest individual crypto trading volumes with $91,716 and $73,279, respectively.

Crypto trading gains are subject to the 26% Italian tax rate once they exceed 2,000 euros per tax period.

Italy's proposed budget for 2023 indicates investors will have to pay 26% tax for all crypto gains above €2,000.

US-based crypto exchanges Coinbase and Crypto.com have received regulatory approval from Organismo Agenti e Mediatori (OAM) to continue serving the Italian Market

Italy reserved more than $46 million for companies who want to launch subsidiaries for blockchain research.

The private bank will become the country's first to offer direct crypto purchases.

Popular meme coin, Floki Inu, will be appearing on the jersey of Italian Serie A side, Napoli, till the end of the season.

Another financial regulator singles out the exchange by issuing a notice, warning Binance is not authorized to provide investment services and activities in Italy.