THE COURT OF APPEAL OF BRESCIA SLOW DOWN THE CRYPTOCURRENCIES CONFERRAL

The Court of appeal of Brescia confirmed the decision of the Court of first instance regarding the refuse of a capital increase for a Company through the cryptocurrencies conferral.

The Court considers the cryptocurrencies is unit of measure for the exchange of goods and services, instead at the value of cryptocurrencies. Moreover, they are not comparable to the goods and services exchanged through currencies. So it is impossible to define their value through evaluation, because it is not sure and certain, although widespread use of goods as exchange and values (for example, gold).

The negative behavior of the Italian judges and the several of penalties Consob, represent an obstacle to the use of new technologies and cryptocurrencies or ICOs for Italian enterpreneurs.

They may find in Switzerland a better place yo start their initiatives, because a more favorable Tax and Law context.

 Our staff is available for any clarification.