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Bank of Italy restricts Lemonway from new operations

News | Online & Mobile Banking | 09 Aug 2024

The Bank of Italy has imposed a restriction on Lemonway, preventing the company from initiating new operations within Italy.

compliance, central bank, financial institutions, fintech

Qonto to improve its AML measures in its Italian branch

News | Digital Identity, Security & Online Fraud | 31 Jul 2024

The Bank of Italy has launched an order for Qonto to improve the AML measures in its local branch, with a temporary ban on onboarding new customers. 

compliance, fraud management, fraud detection, online fraud, fraud prevention

Italy prepares MiCA guidelines for local financial institutions

News | Cryptocurrencies | 11 Jul 2024

The Bank of Italy has prepared a series of guidelines for local financial institutions in the context of MiCA regulations implementations.

regulation, MiCA, financial institutions, central bank

Italian central bank supports a DeFi tokenization project

News | Cryptocurrencies | 28 Jul 2023

The Milano Hub innovation centre created by the Bank of Italy has announced its support for a DeFi tokenization project developed by Cetif Advisory.

DeFi, central bank, tokenization, research

Italian banks cooperate in CBDC project

News | Cryptocurrencies | 23 Jun 2023

Collaborating with the Bank of Italy, the Associazione Bancaria Italiana (ABI)  has brought together a group of banks in a pilot program for a central bank digital currency (CBDC).

CBDC, central bank, digital currency, regulation

Italy wants to use the Algorand blockchain for guarantees

News | Online & Mobile Banking | 16 Dec 2022

The Bank of Italy and IVASS have selected the Algorand blockchain to demonstrate how distributed ledger technology can be used for guarantees.

central bank, blockchain, insurance, online banking, digital banking