Tag: Italys

Italy’s Markets Watchdog Gives Crypto Firms A Clear Order: Act Or Exit

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Intesa Sanpaolo: Italy’s Largest Bank Makes History With Bitcoin Settlement

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Italy’s largest bank, Intesa Sanpaolo, has etched its name in financial history as the first Italian institution to venture into direct bitcoin settlement. First Bitcoin Deal by Italy’s Largest Financial Institution On Jan. 13, 2025, the bank executed a proprietary bitcoin transaction valued at one million euros, securing 11 bitcoin (BTC), as disclosed in an […] Original

Italy’s historic Banca Sella to begin offering Bitcoin trading

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Italian banking institution Banca Sella has announced the introduction of Bitcoin trading services on its mobile banking platform, Hype. Banca Sella, leveraging its historic reputation, announced on Monday its entry into the crypto market. The bank, which currently serves 1.4 million customers, will gradually roll out Bitcoin (BTC) trading services to its users.  The new service, currently in beta testing for Hype Plus customers, will soon be available to all Hype users. It allows clients to buy, sell, and send Bitcoin directly within the app, eliminating the need for external…

Italy’s central bank calls for framework to prevent stablecoin runs

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Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins. The central bank’s recently released Markets, Infrastructures and Payment Systems report for June 2023 has called on regulators to apply the same financial conduct standards to stablecoin issuers in the industry. #Bankitalia #26June Alessandra #Perrazzelli discussed about the evolving regulatory landscape for #DigitalAssets at @pointzeroforum Panel “State of Global Digital Asset Regulation: Navigating Opportunities in an Evolving Landscape”#PZF2023 #PointZeroForum @sif_sfi @elevandi pic.twitter.com/Jm0OBeifZh —…

First of many? How Italy’s ChatGPT ban could trigger a wave of AI regulation

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Italy has recently made headlines by becoming the first Western country to ban the popular artificial intelligence (AI)-powered chatbot ChatGPT. The Italian Data Protection Authority (IDPA) ordered OpenAI, the United States-based company behind ChatGPT, to stop processing Italian users’ data until it complies with the General Data Protection Regulation (GDPR), the European Union’s user privacy law. The IDPA cited concerns about a data breach that exposed user conversations and payment information, the lack of transparency, and the legal basis for collecting and using personal data to train the chatbot. The…

Italy’s Data Watchdog Seeks More Transparency of ChatGPT’s OpenAI to Lift Ban

Italy’s data protection agency Garanate has set out multiple conditions for OpenAI to implement and comply with the GDPR rules. In March 2023, the European Nation of Italy announced a ban on OpenAI’s newly released told ChatGPT, which has created a storm in the tech world. This happened on the charges of breaching data privacy rules in Italy. In the latest development, Italy’s data protection agency Garanate suggested certain actions that OpenAI must take in order to revoke the imposed ban. Earlier this month, the Italian watchdog suspected that the…

Italy’s AC Milan Launches NFT Game With MonkeyLeague

AC Milan is the first football club to partner with MonkeyLeague. “We are thrilled to kick off this partnership with MonkeyLeague, a collaboration that allows us to strengthen our positioning in the field of digital innovation,” Casper Stylsvig, chief revenue officer of AC Milan, said in a press release. Source