Buy Sandbox
in Italy

The SAND token was released in August 2020 with an initial price of $0.065. In 2021, it slowly started to grow and set a record for its highest price in the same year and mounted to $7.49 per token in August 2021. After that, it faced many ups and downs until it fell to $0.73 in June 2022 and ended the year with a value of $0.44. 

The history of the SAND token shows it could be a good investment if you buy it at the right time. But how to find out if it is the right time to invest in this token? There is no exact rule that can tell you investing in SAND crypto will be profitable to you because the cryptocurrency world is volatile, and nothing is predictable. But analysts and crypto experts can give you hints about the possible future of this coin. Most of them believe that the SAND price might go up to $2.52 by 2025 and would reach $4 by 2030. However, you should still know that these are just predictions. Just check SAND’s price of the day and read more reviews about its future, then decide on buying SAND tokens as an investment.

The Sandbox is a gaming company launched in 2011. It upgraded several times and turned into a decentralized platform based on blockchain. The main goal of this platform is to mix blockchain and the gaming world so people can earn tokens in the metaverse gaming ecosystem. Users can create, own, or sell their gaming experiences or assets using SAND tokens. Furthermore, different gaming models are available on the Sandbox; by using the play-to-earn model, they can earn SAND tokens on this platform. The other option that the Sandbox platform has is free games. Therefore, people can only play games on this platform or unlock the advanced games using their SAND tokens.

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.

The SAND coin is a governance token. Therefore, the main use of this token is on its own network. The SAND holders can use their coins to decide on various projects, upgrade the network, or change regulations. Therefore, this coin is their power on the Sandbox platform. It even gets more powerful for gamers. They can use their tokens to buy or create something on the Metaverse. Then, they even can sell or tokenize their assets on this world and earn money, which is paid with the SAND tokens. Therefore, they can have fun by playing games; at the same time, start a business and earn money.

You can also hold the SAND coin in a secure wallet and keep it as an investment. It is required for you to read its whitepaper, follow top investors on social media, and read every news about this crypto. Knowing the SAND price prediction can also help you decide if you want to have a short-term or long-term investment. However, it’s all up to you to decide when to buy and when to sell your coins but always keep an eye on the crypto market to not miss the right time to sell. Furthermore, if you are a beginner in this world, it is better to start with limited capital. Thus, if your investment doesn’t go as well as you thought, you don’t lose much money.

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.