Italy Contemplates Imposing $5.4 Million in Penalties for Insider Trading in Cryptocurrency: Report

The proposed legislation introduces fines ranging from €5,000 to €5 million for offenses like insider trading, unauthorized disclosure of inside information, and market manipulation. The financial regulator emphasized the importance of regulatory oversight, especially for stablecoin issuers, given their strong connections with decentralized finance.

Nevertheless, it is uncertain whether this supervisory framework has been completely put into effect.

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