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The state of crypto in Southern Europe: Malta leads the way
Despite the turbulence that broke out in the crypto market this summer, there is an important long-term marker that should be considered in any complex assessment — the combination of adoption and regulation. Taxes: The income that arises from cryptocurrency transactions is taxed under the capital gains tax, which constitutes 15% for individuals. Italy Numbers: $46.5 million (47 million euros) in total funds raised by blockchain projects, 97 blockchain startups. Following that, the government of Malta launched three new blockchain projects: a project for the certification of food products produced on the island of Gozo, a blockchain-based property planning system for ensuring transparency of processes, and a blockchain-based copyright and IP system. The agricultural sector applies blockchain for tracking food products while enhancing safety. Local players: Belvo, a developer of open banking API solutions; Bit2Me, a cryptocurrency exchange; Consentio, a blockchain-based payment platform for logistics. Source - Coin Telegraph #europe #cryptocurrency
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