Italy

Banks

There’s a New Medici Bank After 500 Years, And This Time It’s Crypto-Friendly

A descendant of the famed Medici Italian banking family has opened a cryptocurrency-friendly bank in Puerto Rico.

Business  ·  9 May 2019
Europe

Italy’s Senate Moves to Set Legal Foundation for Blockchain Timestamps

The Italian government could soon amend a law to allow legalized blockchain verification of documents.

Policy & regulation  ·  25 January 2019
Europe

Italy Announces 30 Experts to Lead National Blockchain Strategy

The Italian government has published a list of 30 experts brought together to develop the nation's blockchain strategy.

Policy & regulation  ·  28 December 2018
Banking

Italian Bank Consortium Trials Interbank Transfers on R3’s Corda

Fourteen Italian banks say they have successfully completed the first phase of an interbank reconciliation trial utilizing R3's Corda platform.

Business  ·  5 October 2018
ICOs

Juventus Soccer Club Is Launching a Crypto Token to Give Fans a ‘Voice’

One of the most popular soccer clubs in the world is launching a crypto token that it says will boost fan numbers by allowing them to "be heard."

Markets  ·  24 September 2018
Digital Currency

Bank of Italy Official: Central Banks Not Ready to Issue Digital Currencies

The Deputy Governor of the Bank of Italy believes that central banks are not yet ready to issue institute-backed digital currencies.

Markets  ·  8 June 2018
Regulation

Italian Crypto Businesses to Register Under Proposed New Rules

Italy has published a proposed set of cryptocurrency regulations that are designed to enforce EU anti-money laundering rules.

Policy & regulation  ·  5 February 2018
Bitcoin

Italy’s Economy Minister Blasts Crypto Market Bad Behavior

Italian Economy Minister Pier Carlo Padoan warned on Wednesday that cryptocurrencies are dangerous, but that blockchain technology is not to blame.

Policy & regulation  ·  31 January 2018
Europe

OneCoin Promoters Fined €2.6 Million by Italian Consumer Watchdog

A consumer rights watchdog in Italy is fining a group of companies that have promoted OneCoin.

Policy & regulation  ·  14 August 2017
Regulation

Consumer Watchdog in Italy Moves Against OneCoin Investment Scheme

Regulators in Italy have moved to suspend several affiliates of OneCoin, the digital currency investment scheme widely believed to be fraudulent.

Policy & regulation  ·  6 March 2017
Europe

Italy Wants to Tax Speculative Bitcoin Use

New documents show bitcoin is being treated as a form of currency by Italy's tax top office.

Policy & regulation  ·  8 September 2016
Europe

Banca IMI Researcher: Blockchain Won’t Work if Banks Don’t Change

The head of interest rate and credit models at Banca IMI has penned a new paper on blockchain tech.

Business  ·  13 April 2016
Regulation

Italian Central Bank: No AML Requirement for Bitcoin Exchanges

Digital currency exchanges are not required to comply with anti-money laundering rules, according to new guidance from the Banca d'Italia.

Policy & regulation  ·  5 February 2015
Crime

Bitcoin ‘Ransomware’ Freezes Council Offices Across Italy

Council offices across Italy had their computer files encrypted by a 'ransomware' virus that is demanding payment in bitcoin.

Policy & regulation  ·  22 October 2014
Regulation

Italian Authorities Issue Bitcoin Warnings, Urge Regulation

Three Italian institutions have issued new warnings on bitcoin, calling for legislation to eliminate regulatory ambiguity and illicit use.

Policy & regulation  ·  11 July 2014