Canada    FinTech Guide    Chapter 11    Italy

11. Identification
Italy  Italy

Italy was one of the first countries in the European Union that introduced a specific regulation for electronic identification services. The use of such services is more and more common in the various fields, including in the relationship between citizens and the public administrations.

Legal Affairs

Qualified trust service providers, certified email service providers and digital entity providers shall be enrolled with the National Digital Agency (Agenzia per l’Italia Digitale – “AGID”). To this extent, they shall comply with a number of requirements established both under the Italian Digital Public Administration Code (Legislative Decree no. 82 of March 7, 2005 as amended – “CAD”) and the EU e-IDAS Regulation (EU Regulation no. 910/2014 on electronic identification and trust services for electronic transactions in the internal market). For instance, qualified service providers shall employ staff and subcontractors who possess the necessary expertise and qualifications, and who have received appropriate training regarding security and personal data protection rules. In addition, qualified trust service providers, certified email service providers and digital identity providers are required to have a minimum initial capital which could vary up to EUR5 million depending on the provided services.

Economic Conditions

A public system for digital identities was recently established by the Italian legislator. In this context, businesses certified with AGID can provide users with digital identities that can be used by such users to obtain digital services requiring identification. At the moment, there are seven registered identity providers operating in the market.

Contributing Authors


Christoph Jenny
Milan, Italy

Portolano Cavallo

Manuela Cavallo
Rome, Italy

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Chapter Index:

1. Payment Services / Mobile Payment

2. Asset and Portfolio Management

3. Consulting and Broking Services / Robo-advisory / Auto-trading

4. Trading Platforms / Social Trading Platforms / Signal Following

5. Crowdfunding / Crowdinvesting / Crowdlending

6. Virtual Currency - Bitcoin

7. Loan Services / Factoring / Loan Broking / Finetrading

8. Online Banking Services

9. Analytics and Research / Data Management / Risk Management

10. Accounting

11. Identification

12. Online-pawning

13. InsurTech

14. RegTech

15. Initial Coin Offerings (ICOs)

The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.

Publication Date: 1 May 2018