Italian Watchdog Warns & Ceases Unlicensed Crypto Mining Operators
The Italian financial regulator strongly warned against two unlicensed cryptocurrency firms, which are involved in schemes to motivate crypto investors to mine or invest in digital currencies. The financial regulator began collecting information about these two platforms after getting several complaints related to them. A One Richmond Investing, an FX broker, also didn't survive being blacklisted by La Commissione Nazionale per le società e la Borsa (CONSOB). CONSOB's key activity is safeguarding the investing public.
14 Italian Banks Test Blockchain Tech for Interbank Reconciliations
The Banking Association of Italy (ABI) officially launched a Blockchain pilot to carry out a test on the technology for interbank reconciliations. ABI lab, the consortium’s technological laboratory will conduct out the trial and more 14 local banks will be initially involved in this process. The whole group will exploit the Cords platform that was developed by R3.
New AML Law In Italy With New Rules On Bitcoin Exchangers
The AML4 (Directive 2015/859 UE) was introduced in Italy with its publication in the Italian Official Journal of the Legislative Decree 25th May 2017, n. 90 (G.U. n. 140 of 19th June 2017) with the total reform of the legislative decree 231/2007.