PANews|Sep 09, 2026 09:39
[Bank of Italy: Every Cryptocurrency Transfer Must Undergo Sanctions Screening, No Minimum Amount Exemption]
According to Crypto Briefing, the Bank of Italy has warned crypto asset service providers that every cryptocurrency transfer, regardless of transaction amount, must undergo sanctions screening, and no minimum transaction threshold can be set to bypass automatic screening. This requirement stems from the European Banking Authority's guidelines, which will apply in Italy starting December 30, 2025, and does not constitute a new sanctions obligation.
The Bank of Italy specifically noted that certain instant payment exemptions for payment service providers do not apply to crypto transfers. Crypto companies must review their screening systems, sanctions list updates, and alert procedures to ensure all applicable transactions are covered. The obligations under MiCA authorization do not replace these independent requirements under the EU's restrictive measures framework.
This move will increase compliance costs for Italian crypto companies, requiring more sophisticated systems to handle transaction alerts and potential sanctions matches.
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