Bank of Italy
Coverage of Bank of Italy in the Nexus archive.
- Bank of Italy research suggests stablecoins aren't necessarily cheaper for remittances
The Bank of Italy's research indicates that stablecoins are not necessarily cheaper for remittances, challenging assumptions about their cost-effectiveness in financial transactions.
- Bank of Italy finds no consistent cost advantage for stablecoin remittances
The Bank of Italy found no consistent cost advantage for stablecoin remittances, as fiat conversion costs and payment infrastructure primarily influenced cost and settlement time differences rather than blockchain fees.
- ECB’s Panetta States Case for Rate Hike Without Pre-Set Path
Fabio Panetta of the ECB argues for a rate hike without a predetermined path. The statement was made during the Bank of Italy's annual report presentation in Rome.
- Banca Sella Becomes First Italian Bank Licensed for Bitcoin and Crypto Services Under MiCA
Banca Sella has become the first Italian bank licensed under the EU's MiCA regulation to offer Bitcoin and crypto services, including custody and transfer for corporate/institutional clients. The bank participated in a DLT pilot program and is part of Qivalis, a consortium developing a MiCA-compliant euro stablecoin.
- Europe should weigh tokenized SEPA payments, Bank of Italy official says
The Bank of Italy's deputy governor suggests evaluating tokenized SEPA payments as the European Central Bank experiments with digital payment frameworks to avoid stablecoin competition. This proposal aims to explore alternative payment methods. The goal is to stay competitive in the digital payments landscape.
- Bank of Italy calls for EU to explore tokenized SEPA payments
The Bank of Italy suggests the EU explore tokenized SEPA payments as tokenization becomes more relevant. Chiara Scotti from the Bank of Italy made this recommendation. This exploration could impact the future of payments within the EU.
- Bank of Italy Urges Meloni Government to Keep Eye on Spending
The Bank of Italy has advised the Meloni government to closely monitor public spending. The warning highlights concerns over fiscal sustainability amid economic challenges.
- ECB’s Panetta Says Current Wars May Reverse Years of Development
Fabio Panetta, governor of the Bank of Italy, warned at the World Savings Day conference in Rome that Italy's banks face risks from a fragile global environment and potential abrupt market movements. The European Central Bank member highlighted concerns over global instability threatening years of economic development.