United Sao Paulo Bank bought 11 bitcoins for the first time! Italy's new cryptocurrency regulation logo

United São Paulo Bank, the largest bank in Italy, recently completed its first Bitcoin transaction and purchased 11 Bitcoins with a total value of about US$1 million. Niccolò Bardoscia, the bank's digital assets director, expressed her willingness to invest further in an internal email, saying "this is just the beginning."

Signal of a shift in Italian cryptocurrency regulatory policy?

The Milan Financial News believes that the transaction may indicate a change in Italy's attitude towards cryptocurrency regulation, and points out the following signs that the future development potential of the Italian cryptocurrency market:

• The European Comprehensive Cryptocurrency Regulation Act, MiCA, has officially come into effect.
• Italian Prime Minister Giorgia Meloni maintains good relations with Tesla CEO Musk.
• The Italian parliament previously delayed its proposal to raise the cryptocurrency capital gains tax to 42%, and suggested tax rates could be lowered in the future.
• About 1.35 million people in Italy hold cryptocurrencies, with a total value of 2.2 billion euros.

Follow micro-strategy? Bitcoin enterprise adoption trend rises

Bitcoin giant Micro Strategy recently increased its holdings of 2,530 Bitcoins, with a total holding of more than 450,000. Matt Hougan, chief investment officer of Bitwise, believes that this move is not an isolated case. In the future, more companies will emulate micro-strategy to build Bitcoin reserves: he predicts that hundreds of companies will join the ranks of Bitcoin investment in the next 12-18 months, thereby significantly driving the market up.

Hougan further analyzed the reasons behind this trend, including: a more friendly regulatory environment (such as the positive U.S. attitude toward cryptocurrencies and new accounting standards), demonstration effects of micro-strategy, and the possibility that large companies such as Meta are considering the inclusion of Bitcoin in their asset reserves. He believes that these factors will reduce the risk of enterprises adopting Bitcoin and accelerate the adoption of enterprise-grade Bitcoin.

The above is the detailed content of United Sao Paulo Bank bought 11 bitcoins for the first time! Italy's new cryptocurrency regulation logo. For more information, please follow other related articles on the PHP Chinese website!