Bitcoin 

Ex-CEO of BTC-e Exchange’s Spin-Off WEX Is Arrested in Italy

Former CEO of now-defunct crypto exchange WEX, a spin-off of controversial BTC-e exchange, was arrested in Italy. No official statement to date Dmitri Vasilyev, who reopened BTC-e exchange as WEX.nz in September 2017, was detained by Italian prosecutors. While no official statement has been disclosed to date, BBC Russia reported the arrest on July 19. In the report, the publication cited an unnamed friend of Vasilev and two anonymous WEX investors. The reason for detention remains unclear. In April 2019, Vasilyev became the subject of a criminal investigation by the…

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Ethereum 

Italy, Sweden, and Czechia to Lead European Blockchain Partnership

Italy, Sweden and the Czech Republic will share the next one-year presidency of the European Blockchain Partnership, Cointelegraph Italy reported on July 9. Following a meeting of the European Blockchain Partnership today in Brussels, the three countries took on the one-year presidency, which will last from July 2019 to July 2020. Marco Bellezza, Legal Advisor to Minister Di Maio for communications and digital innovation and Coordinator of the Italian delegation of the EU Blockchain Partnership, said: “The Italian Presidency of the EU Blockchain partnership is a first acknowledgment of the…

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Blockchain 

Italy Unveils ‘High-Level Experts’ to Help Develop Its Official Blockchain Strategy

The Italian government has published its list of 30 blockchain high-level experts to further its integration of the technology at state level, Cointelegraph Italy reported Dec. 27. The result of a four-month hiring and consultation process, the group will work for free advising authorities how to create a “national strategy on distributed register and blockchain technologies.” The project is being convened by the Italian Ministry of Economic Development (MSE). “Emerging technologies such as Artificial Intelligence (AI) and blockchain are intended to radically change our lives, the society in which we…

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Bitcoin 

Malta, Italy Issue Joint Warning Over Potential Unlicensed Cryptocurrency Exchange

Malta has warned citizens about an unlicensed cryptocurrency exchange serving its domestic market. Regulators ordered the platform to stop operating in a notice Dec. 5. The offending platform, OriginalCrypto, had first come to the attention of Italian officials concerned it may not have the required license to offer authorized “investment services and activities.” The platform’s owner, SolutionsCM Ltd., has now come under scrutiny from both countries, with Malta’s Financial Services Authority (MFSA) sharing the warning from Italy: “The Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered the…

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