The Italian Banking Association, or ABI, uses a blockchain-based system called Spunta, built with decentralization in mind.
Italy, officially the Italian Republic, is a unitary parliamentary republic located along the Mediterranean Sea. The Italian economy is the eighth-largest in the world and is built upon a large number of small and medium-sized enterprises, with most of them focused on niche markets and luxury products. Italy has both a large agricultural sector and a large, technologically-advanced manufacturing industry. Italy didn’t have any special Bitcoin regulations and there was no legal framework for cryptocurrency in Italy until 2018. Currently, Italian professionals in the blockchain industry, such as exchanges and investors, are required to be registered by the Institution of Agents and Mediators by providing documentation data and the websites of businesses. Italy does not have cryptocurrency taxes, but a list of cryptocurrency agents will be available to the Financial Police to conduct investigations of money laundering and terrorism funding.
The Italian Banking Association announced it would be ready to start work on a European central bank digital currency.8144
Equigy, a blockchain platform for managing batteries connected to the electric grid, is expanding its operations in the European Union.9519
Lamborghini is launching its first blockchain-based collectible digital stamps to ensure history and uniqueness of each piece.7591
To combat counterfeit goods, the Italian government has allocated €15M to develop and implement blockchain and other tech-based solutions.15651
An Italian town has created their own currency to support local businesses in the Coronavirus lockdown.8165
Survey says the amount of Europeans who believe crypto will still exist in 10 years has edged up from 63% in 2019 to 66% in 2020.4266
A Singapore-based sports blockchain venture begins trading a token released by Italian soccer club, Juventus.3566
Italian blockchain firm LKS created a non-fungible token-based system that allegedly can prevent the spread of fake news.1964
A cryptocurrency fundraising initiative for the Italian Red Cross has tripled its initial campaign goal of roughly $10,000 in less than four weeks.2380
ANSA, Italy’s main news agency, partnered with Ernst & Young to combat fake coronavirus news with blockchain.3759
In the wake of the coronavirus pandemic, a number of blockchain firms have stepped up their global relief efforts.5801
After successfully raising the money for an advanced pre-triage medical post, the Italian Red Cross will continue accepting Bitcoin donations.5953
Banco Sella is now allowing their customers to buy, sell and store Bitcoin without interacting with exchanges.25569
A new initiative by the Italian Red Cross aims to raise funds via cryptocurrencies to face the coronavirus in Italy.7571