HomeBlockchainItaly: a regulation for blockchain and smart contracts is on the way

Italy: a regulation for blockchain and smart contracts is on the way

The first green light in Italy for regulation on blockchain and smart contracts as part of the amendment to the Simplification Decree has arrived today.

The announcement was made yesterday in the Senate and the Italian legislation is aimed at “the possibility of giving legal value to a transaction that uses an electronic and distributed ledger, without the need of notaries or central certification bodies,” explains Fulvio Sarzana, one of the 30 blockchain experts selected by the MiSE, during an interview with the Italian newspaper Sole24ore.

“The regulation on smart contracts, on the other hand, gives a contract that is automatically executed by a computer program the legal value of a normal, written and signed contract, he continues.

This legislation, as an amendment to the decree, was approved yesterday by the Constitutional Affairs and Public Works Commissions of the Senate, whose first signatory was Stefano Patuanelli of the Italian political movement M5S (Movimento 5 Stelle).

To become law, the legislation on blockchain and smart contracts must now be passed to the Chamber and approved.

Subsequently, the Agency for Digital Italy will have to identify – within 90 days – the standards for the documents that will be managed using blockchain technology.

Amelia Tomasicchio
Amelia Tomasicchiohttps://cryptonomist.ch
Esperta di digital marketing, Amelia inizia a lavorare nel settore fintech nel 2014 dopo aver scritto la sua tesi di laurea sulla tecnologia Bitcoin. Precedentemente è stata un'autrice di diversi magazine crypto all'estero e CMO di Eidoo. Oggi è co-founder e direttrice di Cryptonomist, oltre che Italian PR manager per l'exchange Bitget. E' stata nominata una delle 30 under 30 secondo Forbes. Oggi Amelia è anche insegnante di marketing presso Digital Coach e ha pubblicato un libro "NFT: la guida completa'" edito Mondadori. Inoltre è co-founder del progetto NFT chiamati The NFT Magazine, oltre ad aiutare artisti e aziende ad entrare nel settore. Come advisor, Amelia è anche coinvolta in progetti sul metaverso come The Nemesis e OVER.
RELATED ARTICLES

MOST POPULARS

GoldBrick