[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 7 sources · 3 days · First seen · Last updated

Banking regulation and oversight in Italy and San Marino

Overview

Banking and financial oversight discussions have intensified in San Marino and Italy. In San Marino, the opposition party Repubblica Futura has criticized the management of the Central Bank, calling for greater local leadership and questioning the removal of salary caps for executives.

In Italy, legislative debates are ongoing regarding bank account access and ‘de-risking’. While the Italian Betting Operators Association has pushed for the rapid approval of Bill 1595 to assist gambling businesses in accessing credit, the Italian Banking Association has expressed reservations about mandating account relationships.

Further regulatory tightening has emerged from Banca d'Italia, which issued a directive requiring all payment and crypto asset service providers to perform sanctions checks on all cryptocurrency transfers. This mandate removes minimum-value thresholds to prevent the evasion of sanctions through small, split transactions, aiming to align Italian operations with European Union requirements.

Entities

Banca Centrale della Repubblica di San Marino · Banca d'Italia · Repubblica Futura · European Union · Associazione Bancaria Italiana

Timeline

  1. 3 days ago

    [BUSINESS] 3 sources
    Banca d'Italia mandates sanctions checks on all crypto transfers

    Italy’s central bank, Banca d'Italia, has mandated that all crypto asset service providers perform sanctions checks on every transaction, removing minimum-value thresholds to prevent evasion.

  2. 5 days ago

    [BUSINESS] 4 sources
    Banking regulation and oversight debates intensify in San Marino and Italy

    Political and legislative debates are intensifying in San Marino over central bank management and in Italy regarding banking access and de-risking regulations for various sectors.

Sources

bitcoinethereumnews.com · blogsicilia.it · cryptobriefing.com · giornalesm.com · jamma.it · news.bitcoin.com · sanmarino.iltabloid.it