Despite not yet having the reputation of Paris or Miami when it comes to the blockchain industry, Italy is home to a budding scene of successful blockchain-based businesses, young and old. Following a 100-percent rise in Italian companies investing in blockchain projects in 2019, Italy was placed in the top 10 countries in the world for the number of blockchain projects developed.

Then Italy was infamously hit by COVID-19—one of the hardest-hit countries in the world—over the last two years. Still, crypto interest hasn’t declined in the country. A 2021 survey revealed a growing number of Italians are interested in investing in crypto.