Italy’s Banca Sella Gets MiCA Approval for Crypto Services
Banca Sella has become the first Italian bank to receive regulatory approval for crypto-asset services under the EU's MiCA framework.Summary
Banca Sella, a prominent Italian financial institution, has successfully completed its notification process with the Bank of Italy to provide crypto-asset services under the European Union’s Markets in Crypto-Assets (MiCA) regulation. This milestone makes it the first bank in Italy to receive such authorization. The bank plans to launch services focused on the custody, transfer, and receipt of digital assets by 2026 for selected customers.
This approval marks a significant step for Italy's banking sector as it integrates into the regulated digital asset landscape. Banca Sella's initiative is supported by its history of distributed ledger technology experimentation, including participation in Bank of Italy pilots and the founding of the Qivalis consortium. The bank's managing director of digital banking, Andrea Tessera, highlighted that these developments align with the broader shift toward programmable and interoperable digital payments.
(Source：Cointelegraph)