The chamber of deputies of Italy by 275 votes against 206 with 27 abstentions, adopted the amendment to the law on simplification (Semplificazioni), according to which transactions conducted using the technology of the distributed registry (DLT), they are not legally effective upon registration and without further notarization. January 23, the same decision was made by the country’s Senate. Technical parameters, which will have to conform to smart contracts, develop Agency Digital Italy (Agenzia per l’italia Digitale).
Recall that in December last year, Italy is among the seven EU countries supported the Declaration on cooperation in the blockchain sector, calling for the promotion of the use of technology distributed registry as a factor which together with the technologies of artificial intelligence and the Internet of things is changing the rules of the game in the economy of the countries of the Mediterranean region. However, cryptocurrency in Italy do not have a specific legal status and regulation and the Ministry of economy is working on a decree which shall classify their use.
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