Banca d’Italia Wants Every Crypto Transfer Screened, Even the Small Ones

Banca d’Italia is reminding crypto firms in Italy of a rule that leaves very little room for “small enough to ignore” transactions: every crypto transfer must go through sanctions screening, regardless of its value.In a communication issued on Sept. 7, the central bank told crypto-asset service providers (CASPs) not to build minimum transaction thresholds into their screening systems. A €1 transfer, in other words, should not get a compliance free pass simply because it is