The Supreme Court of Cassation in Italy has ruled that cryptocurrencies are not considered seizable assets in the case of tax evasion. The court's decision is based on the fact that digital currencies like Bitcoin do not have legal tender status in Italy and are not recognized as a means of payment. This interpretation may change in the future with the adoption of the Markets in Crypto-Assets Regulation (MiCAR), which aims to provide a clearer regulatory framework for the management of cryptocurrencies. Currently, there is no legal value for cryptocurrencies in Italy, but the growing adoption and market value of crypto assets may lead to changes in their legal and tax treatment. The court's ruling has sparked controversy and debate about the legal position of crypto in Italy. The potential for seizure of cryptocurrencies may also be impacted by factors such as anonymity and privacy measures taken by holders. It is important to note that the possession of cryptocurrencies should be declared to the tax authorities, and failure to do so may result in penalties.



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