The banking crisis in Europe goes even further in Italy. While in countries like Germany and France we see only a decline of major banks’ asset prices, in Italy besides the banking crisis itself another problem occurred - civilian Italians began to distrust bank transfers and payments. One of the possible solutions may be Bitcoin, which can serve as a salutary means, grow in price and even get official recognition in the country.
Bank of England announced the launch of a FinTech accelerator for new technology firms to demonstrate their solutions via proof of concept projects (POCs) and to help the bank “harness FinTech innovations for central banking”. For successfully completed POCs, the Bank of England promises to consider acting as a reference for the firms.