On May 27, Banca Sella received approval from the Bank of Italy to offer digital asset custody and transfers under MiCA regulations, becoming the first Italian bank to secure a crypto license. On the same day, Mastercard secured a New York BitLicense for its crypto operations, Falcon Finance launched a new stablecoin product called fUSD aimed at institutional trading, and SoFi launched a stablecoin product called SoFiUSD targeting consumer banking users. On May 28, Aave Labs subsidiaries received approvals from the UK Financial Conduct Authority.
Two Aave Labs subsidiaries received FCA approval to operate as registered cryptoasset exchange providers, marking a major regulatory milestone in the UK.
Read the full storyThe Italian bank has become the first in the country to receive regulatory clearance under the EU's unified crypto framework.
The lender received Bank of Italy approval for digital asset custody and transfers, marking a major milestone for institutional crypto adoption under EU frameworks.