Italy Financial News

By Andy Bruce

Privacy advocates scored a big win in June with Binance’s announcement that it was backtracking on a decision to delist privacy coins for users in a number of European countries.

After a six months gap, the actress is now active again on Instagram. She made her first post since her much-publicised trial against ex-husband Johnny Depp, who sued her after she accused him of domestic violence in a 2018 op-ed published in The Washington Post. On June 30, the ‘Aquaman’ actress shared a picture of her smiling and wrote, “Thank you for such an incredibly warm reception at the Taormina Film Festival for my latest movie In the Fire.

Now, with top economies seeking semi-skilled and skilled professionals to plug labour shortages, offering them extensive benefits and upgrading their standard of living, people's desire to migrate has reached an all-time high. Going by the numbers, Indians continue to chase the American dream with 7,88,284 of them relinquishing their citizenship in 2021, according to a Ministry of External Affairs data.

Renaissance artist and historian Giorgio Vasari has been returned to its owners in Tuscany more than 20 years after it was stolen, Italian police said on Thursday. The letter was dated March 18, 1566 and is believed to be worth around 20,000 euros ($21,760).

Segesta on the Italian island of Sicily, local authorities said on Friday. Sicily's regional government said the altar was probably in use at the height of Hellenic cultural influence, just before the rise of the Roman empire in the first century before Christ (BC).

Virgin Galactic is set to launch its first commercial flight carrying paying customers to the edge of space. The company, with likes of Blue Origin and SpaceX, is catering to wealthy individuals who are willing to pay large sums of money for the experience of supersonic rocket speed and microgravity.

Ed Sheeran has confirmed his opening acts for his US tour, called the +–=÷x Tour. The British singer-songwriter will be touring North America and will be joined by support acts. Here is what we know.

A unit of Brookfield Asset Management Inc. raised the size of a credit facility to Compass Datacenters LLC shortly before Brookfield and other investors struck a deal to buy control of the Dallas-based company.

Investing.com — The Federal Reserve's favorite gauge of inflation is due later Friday, while disappointing results from sports fashion retailer Nike will also be in focus. Wall Street is expected to post a positive month and quarter, but the U.K. housing market remains under pressure.

Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins.

Binance's initial plan to delist specific privacy coins in certain EU nations has now been reversed as the company undertook revisions to ensure compliance with regional regulatory requirements.

Binance has decided to reverse its plan to delist a number of privacy coins in Europe after it said it has revised operations in order to comply with local regulations. 

The pilot, called Project Leonidas, also involves a 18 Italian commercial banks and the Associazione Bancaria Italiana (ABI).

Singapore based cryptocurrency exchange service provider Crypto.com has obtained a virtual asset service provider (VASP) registration from the Bank of Spain. The regulatory approval would allow the exchange to offer a range of crypto-focused services to customers in Spain, a country which has shown a positive crypto stance in recent times.

The Japanese Ministry of Education, Culture, Sports, Science and Technology plans to allow schools from elementary to high school level limited usage of generative artificial intelligence (AI) in classrooms. 

Troubled cryptocurrency exchange Binance continues to withdraw from major markets amid the ongoing pushback from global regulators.

The meteoric ascent of generative artificial intelligence has created a bonafide technology sensation thanks to user-focused products such as OpenAI’s ChatGPT, Dall-E and Lensa. But the boom in user-friendly AI has arrived in conjunction with users seemingly ignoring or being left in the dark about the privacy risks imposed by these projects.

Cryptocurrency exchange Binance said it will leave the Netherlands after the company's application to register under the Dutch crypto authorization regime was rejected.

The company has failed in its bid to secure a virtual asset service provider (VASP) license in the Netherlands.It is not accepting new users with immediate effect and, from 17 July, existing users will not be able to make purchases, trades or deposits.Binance stresses that it is already compliant with EU standards on the prevention of money laundering and financing of terrorism as evidenced by its registrations in other EU countries, including France, Italy, Spain, Poland, Sweden and Lithuania.However, according to CoinDesk, it is facing money laundering troubles in France, where the authorities are investigating the firm.The probe relates to Binance potentially illegally operating as a digital asset service provider before it received regulatory approval last May.In addition, prosecutors tell CoinDesk, the investigation concerns possible "aggravated money laundering by taking part in investment operations, concealment and conversion, the latter being carried out by perpetrators of offenses having generated profits".In the US, the SEC has sued Binance and its CEO Changpeng Zhao, alleging a host of securities law violations and accusing the world's largest crypto exchange of engaging in an "extensive web of deception".

Cyprus unit has applied to be removed from Cyprus' register of crypto asset service providers, the securities regulator website showed on Wednesday, in a move Binance said would allow it to focus on its larger European businesses. It was unclear when Binance applied to deregister. The exchange, the world's biggest, announced its registration with the Cyprus Securities and Exchange Commission in October 2022. A source at the regulator said on Wednesday that Binance never launched its business in Cyprus. The Cyprus registration allowed Binance to offer spot trading, custody and other services in compliance with Cyprus's anti-money laundering and counter-terrorist financing rules, the exchange has previously said on its website. A spokesperson for Binance said it was pulling back on Cyprus to sharpen its focus on its other companies in the European Union ahead of the rollout of the EU's crypto asset regulations (MiCA).