Traditional banks are finally starting to seriously embrace compliant cryptocurrencies. Banca Sella is moving quickly; the Qivalis Alliance, with 37 banks, is banding together to develop the euro stablecoin, with real results expected in 2026.

Italy's Banca Sella has completed the notification process with the Bank of Italy, becoming the first bank to conduct cryptocurrency business in compliance with the EU MiCA regulation, planning to offer digital asset custody and transfer services to specific client groups by the end of 2026. It is also a founding member of the Qivalis alliance, which currently includes 37 European banks and is dedicated to issuing stablecoins pegged to the euro.