Banca Sella completes the Italian Central Bank notification process, becoming the first Italian bank to legally provide cryptocurrency services

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ME News Report, May 27 (UTC+8), Italy's Banca Sella announced it has completed the notification process to the Bank of Italy (Banca d'Italia), becoming Italy's first bank to conduct cryptocurrency business in compliance with the EU MiCA regulations. The bank plans to launch digital asset custody and transfer services for specific client groups by the end of 2026. Banca Sella is also one of the founding members of the Qivalis alliance, which currently includes 37 European banks and is dedicated to launching euro-pegged stablecoins. (Source: ChainCatcher)
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BribeCoffee
· 12h ago
If euro stablecoins can be successfully developed, they would pose a substantial challenge to US dollar stablecoins, but coordinating 37 banks is no small feat.
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VineGeometry
· 05-27 13:30
The first compliant bank has been established, regulatory arbitrage opportunities have been reduced, and the industry is becoming more regulated.
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BlueberryStakingMachine
· 05-27 11:08
The Qivalis Alliance is interesting; banks banding together to create stablecoins is much better than fighting alone.
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Mint-ColoredSlippage
· 05-27 11:08
Banca Sella has snatched up the title of the first, but whether its actual business can take off still depends on whether customers are willing to buy in.
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ColdWalletInTheAutumnBreeze
· 05-27 11:08
Not launching until the end of 2026? That's a bit slow; the crypto market changes too quickly, and the landscape will have shifted by then.
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StillHereAfterTheRugPull
· 05-27 11:08
A coalition of 37 banks is rolling out euro stablecoins—this landscape is much larger than that of a single bank, and it’s worth paying attention to what comes next.
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BridgeBurner
· 05-27 11:08
Traditional banks have finally entered the market. If the MiCA compliance path is successful, other European banks will follow suit.
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