Italy will strengthen its supervision of the cryptocurrency market, with fines of up to 5 million euros.

Odaily Planet Daily News According to a draft law examined by Italy and cited by Reuters, the measure will impose hefty fines on those who manipulate the cryptocurrency market as part of a broader plan to strengthen monitoring of risks associated with the industry. The document, which is expected to be approved by the cabinet later today, stipulates fines ranging from €5,000 ($5,400) to €5 million for insider trading, illegal disclosure of insider information, or market manipulation. (Coindesk)

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