During the last couple of months, there have been numerous attempts by governments to come up with new ways or taxing and regulating bitcoin and other digital currencies. According to recent reports, as Italy is currency dealing with a banking crisis, it seems like its government is looking for ways to tax bitcoin and implement clear regulation.

To put things better into perspective, it is important to note that the legal status of bitcoin tends to vary substantially from country to country, while also being undefined or in the process of changing in several regions. Most countries have allowed regulated, free trade, while others completely banned the currency, thus showing the disagreement in opinion between the world’s countries.