Italy Unveils Tough Measures Against Crypto Market Manipulation

Italy is ramping up its monitoring of crypto assets and risk management efforts. A recently reviewed draft decree reveals plans for hefty fines targeting market manipulators. 

Ranging from $5,400 to $5.4 million (€5,000 to €5 million), for offenses like insider trading, unauthorized disclosure of inside information, or market manipulation. These measures fall in line with a European regulation introduced last year. 

Italy’s central bank and market watchdog, Consob, will assume responsibility for overseeing cryptocurrency activities, aiming to uphold financial stability and ensure smooth market operations.

Clever Robot News Desk 23rd June 2024

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