Cryptocurrencies: will the blockchain be the “notary” of tomorrow?

Cryptocurrencies: will the blockchain be the “notary” of tomorrow?

Remo Morone, the Turin notary who certified the first real estate sale in Italy in Bitcoin, wrote a book that frames the legal nature of virtual currencies

Silvia Serafini Published on 23 June 2021 Last modified 23 June 2021 14:06 la Stampa

Cryptocurrencies and the notary profession. Two worlds that in the collective imagination are polar opposites but which in reality are closely connected, both as regards the use of Bitcoin as a bargaining chip, and for the functioning of the blockchain, the data encryption mechanism underlying the procedure. of “extraction” of cryptocurrency.
In Turin there is the studio of Remo Maria Morone, the notary who in 2018 put the seal on the first purchase in Bitcoin of a house in Italy (and one of the first in the world). Since then, the studio has received many calls from potential buyers who would like to buy a property by paying for it in cryptocurrency. “People call us because they think that by buying real estate using Bitcoin we can avoid paying the tax on capital gains on cryptocurrencies – explains Morone – but in reality this is not the case: when I say that as soon as the transaction is completed, I am going to register the deed. Revenue Agency, they withdraw and proceed in more traditional ways ». In fact, one wonders how the Italian system frames cryptocurrencies, which for now are considered the same as foreign currencies and are not subject to specific regulations. Notary Morone wrote a book on this topic together with other experts in the sector. “With ‘Cryptoactivity, cryptocurrencies and bitcoin’, released in these days, I and some passionate friends have tried to take a picture of the current situation from an interdisciplinary point of view. Our leader is Stefano Capaccioli, an accountant from Arezzo, who has been wondering about the legal nature of cryptocurrencies since their birth. Then there are Stefano Cerrato, a lawyer and professor of commercial law at the University of Turin and Paolo Dal Checco, the leading Italian expert on the technical side of seizures and foreclosures “. Morone, however, warns: “Our book is already born old, because that of cryptocurrencies is a world, in many respects, in constant change”.