[2018-12-26]Blockchain Projects Among Italian Financial Institutions Growing, Re

[Vladdirescu87]

Blockchain Projects Among Italian Financial Institutions Growing, Research Shows

Italy is having mixed reactions to the blockchain and crypto industry, but how do real financial institutions deal with distributed ledger technology (DLT). The Fintech & Insurtech report of the homonymous observatory of the Milan Polytechnic shows that DLT is being highly adopted in different banks operating within the country.

The director of Blockchain Observatory & Distributed Ledger, Valeria Portale, believes that it is certain to bring various approaches to four sorts of players: the skeptics, the hesitant, the pragmatists, and the leaders.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-projects-among-italian-financial-institutions/

[Theb]

This is the first news I heard so far when it comes to the developments of the cryptocurrency industry in Italy. The way I see it is both the banks as well as the Italian government are preparing for the adoption of both the blockchain technology as well as cryptocurrencies. If this is happening right now they might have a preliminary legal framework for their regulation and they are basing their preparation on it as it looks like DLT is the one they are focusing on as even the government is looking to absorb the technology in their system.