Buy Holo
in Italy

Holo is a decentralized platform. Its main purpose is to create a space where everyone can host applications. The Holo platform allows people to install several different applications on their computers without the need for special hardware or software. The Holo blockchain plans to develop a platform that is a bridge between Holo users and the Internet. In addition, Holo cryptocurrency offers blockchain developers efficient and cheaper methods to build fully distributed web applications. HOT is the native token of the Holochain. It’s built on the Ethereum network and acts as a utility token for the Holo network. Users who offer computational power to the network are rewarded in HOT tokens. This cryptocurrency provides confirmation of transactions by reducing operational costs and speeding up the process.

Currently, all blockchain networks consume energy to some extent, but Holochain claims to be able to create methods that are environmentally friendly and do not consume a lot of energy. Since the nodes in this network do not confirm all the data, they have less bandwidth and as a result less energy consumption. Also, the electricity consumed in this network is optimized through environmentally friendly approaches.

The symbol of a digital currency is the symbol by which the cryptocurrency is traded in the digital currency market. Holo with the symbol HOT is a digital currency created on the basis of the Holo Chain blockchain.

There is no doubt that Italy is grossing in the global economic field by expanding its horizons on digital investment. However, the laws and regulations regarding cryptocurrencies are not fully developed yet. According to the public authority responsible for regulating the Italian financial markets (CONSOB), the ownership and trading of cryptocurrencies are not considered illegal in Italy. But you should keep in mind that there are no definite regulations about taxation. While crypto-assets do not have a specific regulatory status in Italy, the only Italian laws and regulations that provide a definition applicable to them are those concerning anti-money laundering regulations. It is estimated that 2.3% of the Italian population, which is approximately 1.3 million people, own crypto assets in Italy.

The Italian Tax Administration, also known as Agenzia Delle Entrate, is still developing official tax guidance on the topic of cryptocurrency taxation. However, two resolutions issued by Agenzia Entrate in the past are currently being used to form the basis for how cryptocurrencies are taxed in Italy.

According to Resolution no. 72 /E/2016, profits from trading cryptocurrencies are not considered taxable income due to the lack of speculative nature. However, in Resolution no. 788/2021 it is mentioned that if the person’s total wallet or account balance exceeds €51,645.69 for a minimum of seven consecutive days during the tax year, the profits from selling, exchanging, or disposing of cryptocurrencies are taxed as capital gains at a flat rate of 26%. This is good news for all Italian crypto investors considering you are not paying taxes on your profits as long as your total portfolio value does not exceed €51,645.69 for seven or more consecutive days.

Network users who use Holo to rent computing power to other users for hosting apps can earn HOT in exchange for their rental services. This allows Holochain’s mutual-credit accounting system to process billions of microtransactions every day. HOT coins can be used as the primary payment method on the network. HOT coins can be held as an investment or traded in the active cryptocurrency market for a profit.

The requirements for anyone to buy cryptocurrency in Italy are a mobile phone to verify identity using two-factor authentication (2FA), a bank account or credit card to make fiat currency deposits to purchase cryptocurrencies and crypto wallet to store the assets. Our exchange authorizes fast and secure transactions through different means such as Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal. In conclusion, it is possible for almost everyone to enter the world of crypto assets and our website provides a safe and secure beginner-friendly experience.