The servers of wp are in the US (AFAIK), and wp is a US foundation. In short: not under Italian laws. However; from what I understand, this law most of all affect those people who live/edit in Italy. Correct me if I´m wrong, I understand it that the Italian state (with this new law) can look up your IP, then find "RealLife" you, and instruct you to do certain edits. Or be fined.
No wonder the Italian editors are up in arms.
Also, quite interesting (and depressing!) to know that with all the totalitarian regimes in the world; the first to actually manage to shut up Wikipedia was an old Italian billionare pig who doesn´t want the details of his piggish way public.
As they say: money don´t talk, they scream.
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