Italy’s Banks to Use Blockchain to Boost Settlements and Improve Transparency
Italian banks will deploy blockchain technology to run reconciliations starting in March 2020, financial technology news outlet Finextra reported on June 18.
Italy to Use Blockchain in Baby Food to Enhance its Safety
Italy has always been at the forefront of innovation and security. An Italian startup plans to apply blockchain to baby nutrition safety. The company promises to ensure the safety of 90% of the ingredients used in nutrition products for children within a year.
Mafias in Italy Use Bitcoin & Cryptos for Money Laundering
The rate of illegal activities including money laundering through Bitcoin (BTC), is alarming in Italy and throughout Europe at large. Crypto startup Eidoo, founded by Italians, which allows users to store, convert and spend digital currencies, selected an apartment in 2017 in a building structure that was sequestered for ndrangheta in Chiasso, Switzerland, just 0.4 kilometers from the Italian border.
Italy’s Senate Moves to Set Legal Foundation for Blockchain Timestamps
The Italian government could soon amend regulations to allow legalized blockchain timestamping and validation of digital documents.
Italy Announces 30 Experts to Lead National Blockchain Strategy
The Italian government has published a list of 30 experts brought together to develop the nation’s blockchain strategy.