Banca Sella Receives Bank of Italy Approval to Launch Crypto Custody Services by 2026
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Summary
Banca Sella has received Bank of Italy approval to become the first Italian bank to offer digital asset custody and transfer services, with a planned launch as early as 2026. The bank completed the required regulatory notification process, enabling a rollout aligned with the EU's Markets in Crypto Assets (MiCA) framework. Initial services will be limited to specific customer categories, reflecting a cautious approach as banks navigate client demand, regulatory obligations, and operational risk in the crypto space.
Key quotes
· 3 pulledBanca Sella obtained Bank of Italy approval to launch digital asset custody and transfer services as early as 2026.
Initial availability will be limited to specific customer categories, indicating a cautious approach while banks assess client demand, regulatory obligations, and operational risk.
The move follows the EU's Markets in Crypto Assets (MiCA) framework, which reshapes how banks and other firms can provide crypto services.
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