A New Era for Crypto in Italy.
Intesa Sanpaolo, Italy’s largest banking group, made headlines when it became the first Italian bank to invest directly in cryptocurrencies by purchasing 11 Bitcoins for approximately $1 million. The bank’s press office confirmed the acquisition after a leaked internal email surfaced online. While the bank acknowledged the purchase, it declined to comment on its motives or plans involving Bitcoin. The bold move reflects Intesa Sanpaolo’s potential leadership in the adoption of cryptocurrencies in Italy’s traditional financial sector and is in line with the growing global trend of institutions embracing Bitcoin.
