• Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
What's Hot

Framework Announces Two Modular Laptops At GDC 2023

March 27, 2023

Eventide Misha review: A playful sequencer that says to hell with tradition

March 27, 2023

Hello There iOS greeting card organizer gets auto card detection, hashtags, custom icons

March 27, 2023
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
Behind The ScreenBehind The Screen
Home»Fintech»Italy backtracks on pro-cash plans
Fintech

Italy backtracks on pro-cash plans

December 21, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Italy backtracks on pro-cash plans
Share
Facebook Twitter LinkedIn Pinterest Email

Italy’s authorities has scrapped plans to let retailers refuse digital funds of lower than €60 after pushback from the nation’s central financial institution and the EC.

In its draft funds earlier this month, the rightwing coalition authorities led by Giorgia Meloni proposed eliminating a rule which states that retailers have to simply accept digital funds of any worth or face fines of €30 and 4 per cent of the transaction worth.

The rule had been launched as a part of Italy’s post-Covid nationwide Restoration and Resilience Plan and linked to round €200 billion in funds from the EU.

Now, Italian financial system minister Giancarlo Giorgetti says: “We intend to eradicate the measure on factors of gross sales.”

Throughout testimony on the funds, Giorgetti advised that the federal government might as a substitute put in place compensatory measures to assist retailers pay card charges.

The climbdown comes after criticism from the European Fee, which had argued that the deliberate change wouldn’t be in step with efforts to spice up tax compliance.

The Financial institution of Italy’s financial analysis unit chief, Fabrizio Balassone, additionally weighed in, saying that “limitations to money use pose a hurdle to a number of types of crime and [tax] evasion.”

Though it has carried out one U-turn, the federal government intends on sticking to a different associated change which might see the authorized restrict for money transactions rise from €1000 to €5000.

Source link

See also  Primer and Coinbase forge global integration
backtracks Italy plans procash
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Apple Plans to (Slightly) Redesign the Dynamic Island For The iPhone 15

March 24, 2023

Apple Plans to Sell Significantly More 20W USB-C Chargers After the iPhone 15 is Released

March 22, 2023

How Chronicle Plans To Kill Off The Slide Deck After Four Decades

February 21, 2023

How Turno Plans To Electrify India’s Commercial Vehicles Market

February 12, 2023
Add A Comment

Comments are closed.

Editors Picks

ProtonVPN Plus review

February 15, 2023

Integration and the future of financial services

November 2, 2022

Swedbank Robur unveils method for measuring carbon footprints in fixed income funds

December 17, 2022

Cyberpunk 2077 spy thriller Phantom Liberty DLC announced – not coming to PS4, Xbox One

September 6, 2022

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

Framework Announces Two Modular Laptops At GDC 2023

Eventide Misha review: A playful sequencer that says to hell with tradition

Hello There iOS greeting card organizer gets auto card detection, hashtags, custom icons

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2023 behindthescreen.fr - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.