Are you a crypto exchange, blockchain’s service provider or do you accept cryptos as payment? YOU MUST SEE THIS video
On the 17th of February it had been published the Decree of the Italian Ministry of Economy and Finance that established that all the service providers related to the use of cryptocurrencies are obliged to communicate their operations on the national territory to OAM, the registry of agents and credit brokers.
This decree is a consequence of the V EU anti-money laundering directive 2018/843, that provided for a strengthening of AML controls on various financial activities including service providers related to the blockchain world. It doesn’t make any differences between the traditional exchange service providers and virtual currencies.
“ I have a website that attracts Italian customers”
Yes, you are also involved in this restrictions.
What has changed ?
Providers must register to OAM
By April 19, 2022 the registry will be available and operators must register by July 18, 2022
Who doesn’t register and carry out the activity is considered abusive, and so it is subject to penalties and possibly the website will be obscurated
Members of the registry must communicate a report on a quarterly basis containing the personal data of the customers and some data regarding the operations of individual customers
OAM will send a report to MEF every six months with the aggregate data of those registered in the registry
The police may request the stored data from OAM both about providers and their customers
If you want to understand a little bit deeper about this Decree, please read this:
If you want to receive a consultancy on how to manage this situation, please click here and book your appointment with the company Crypt&CO, a Division of Soluzione Tasse S.p.A