Sulla qualificazione funzionale delle criptovalute: risvolti applicativi e questioni aperte

The definition of virtual currency, present in the Italian anti˗money laundering legislation, also has implications for the tax treatment of the holder, and allows a functional qualification, that is different according to the purpose of the use and the use itself. The dual possibility of carrying out, through electronic money, transactions of the purchase of goods and services, or of holding it for investment purposes, is accepted by the legislature, and applied by the Judge. Far from representing a unique and well˗established framework, the legal nature of the virtual currency is beginning to be contested even in the administrative field, and to animate the debate on the subject.