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Italy Sets Out To Create Regulatory Framework To Promote Investment In Blockchain Technology
Summary: The Italian Ministry of Economic Development released a set of recommendations for the use of blockchain technology across a range of fields. The goal of the ministry is to establish a legal framework to foster investment in the technology, according to an announcement on Monday, June 22. The list of recommendations is open for public ...
The Italian Ministry of Economic Development released a set of recommendations for the use of blockchain technology across a range of fields. The goal of the ministry is to establish a legal framework to foster investment in the technology, according to an announcement on Monday, June 22.
The list of recommendations is open for public consultation. The document states that utilizing blockchain in payments would have a positive economic impact on the country.
The document mentioned the creation of a Central Bank Digital Currency and stated the necessity of creating a regulatory framework around blockchain and digital assets to avoid losing out in terms of international competition.
The announcement ended by noting that establishing regulatory certainty surrounding blockchain was crucial to utilizing the technology to its fullest extent.
By Emily Mason
Tags: Blockchain,Italy
Link: Italy Sets Out To Create Regulatory Framework To Promote Investment In Blockchain Technology [Copy]
