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P2P lending

P2P lending boosted by new FinTech rules?

5 January, 2017 - 8:05 am in FinTech

P2P lending is a promising area of FinTech that might lead to new opportunities, also thanks to the new rules issued by the Bank of Italy.  What is P2P lending? P2P lending is defined as "the practice of lending money to individuals or businesses through…


Bitcoin exchange transactions are VAT exempt in Italy

17 October, 2016 - 10:58 pm in FinTech

Bitcoin is VAT exempt according to the position taken by the Italian tax authority that might also have some side effects.  This a guest post by my tax…


Bitcoin anonymity will be over in Europe?

3 August, 2016 - 11:38 pm in bitcoin, FinTech

Bitcoin might be no longer anonymous due to a centralised database of users to be created as part of a proposal of the European Commission. The setting…


Bitcoin is not money, but property

28 July, 2016 - 7:32 am in bitcoin, FinTech

Bitcoin is not money but property and therefore the crimes of unlawful transfer of money and money laundering did not arise according to the court of Miami. I have already discussed in several instances about the legal issues of bitcoin also in the gaming…


Fintech outsourcing is a hurdle race?

16 June, 2016 - 6:36 am in FinTech, outsourcing

The growth of fintech shall deal with stringent banking outsourcing regulations which might put burdensome obligations on providers in Italy.  Given the potential impact of outsourcing services in the banking sector, the Bank of Italy issued very specific…


Who is liable for the blockchain?

26 May, 2016 - 12:08 am in FinTech

Blockchain is "the most important invention since the Internet itself" according to Marc Andreeseen, but if illegal activities are perpetrated through the blockchain, who is liable? According to the Bank of England, the blockchain is "a technology that allows…


When FinTech meets the Internet of Things

30 March, 2016 - 9:56 pm in FinTech, Internet of Things

The Internet of Things and FinTech are among the fastest growing markets, but their intersection leads to new legal issues to which operators might not be ready. The FinTech market and its connections with the IoT According to the estimates of Goldman Sachs,…


Bitcoin NOT subject to VAT

28 October, 2015 - 10:45 pm in bitcoin, FinTech

In a landmark decision, the European Court of Justice held that bitcoin virtual currency transactions are VAT exempt as they are treated like real currency.  This a guest post by my tax colleagues, Giovanni Iaselli and Alberto Sandalo. I have already been…


Bank of Italy warns on Bitcoin and potential criminal conducts

14 July, 2014 - 8:30 am in bitcoin, FinTech

Bitcoin and its potential usage as part of money laundering crimes as well as of crimes associated with terrorism has been the subject of concerns raised by the UIF, the harm of the Bank of Italy dedicated, among others, to receive anti-money laundering reports…

Bitcoin and gaming

Bitcoin and gaming – what legal issues?

27 June, 2014 - 9:08 am in bitcoin, FinTech, gambling, gaming

Issues affecting Bitcoin and gaming are becoming a very frequent topic of discussion since a number of gaming websites decided to allow Bitcoin transactions.  Even relevant gambling regulators decided to take actions to protect both operators and players…