Consob: Ciocca, eyes on the tax authorities and anti-money laundering in finance

Prices and Covid, tampons and streaming music in the Istat basket (ANSA)

(ANSA) – MILAN, 04 FEB – In a complex ecosystem such as that of crypto-assets, two non-fintech issues play an important role, but which accompany the debate when it comes to finance. That is, the tax and anti-money laundering issues. Themes that were addressed during the meeting organized by Consob and the Blockchain & Distributed Ledger Observatory “Crypto-assets: tax and anti-money laundering profiles”, where the regulations applicable to crypto-assets and tokens were discussed.

“We always tend to combine the tax theme with that of anti-money laundering, because logically linked value chains intervene, but in truth they are two profoundly different things. Anti-money laundering is a compliance issue, the tax issue is a substantial issue, with the aim of making the value produced by a transaction participate in the contribution of the State “in the words of Paolo Ciocca, commissioner of Consob. “Anti-money laundering is a global world and globally coordinated also in its definition, the tax world is not coordinated like anti-money laundering, with the tax claim being national by definition”. (HANDLE).

Source: Ansa

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