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Bank of Italy Orders Financial Firms to Tighten Crypto Transfer Controls

The Bank of Italy has ordered supervised companies to strengthen monitoring of cryptoasset transactions to comply with EU restrictions. Special attention is directed toward identifying sanctioned individuals and transactions.

Cryptocurrency market capitalization grew by 17.6% in August 2026

In August 2026, the total cryptocurrency market capitalization grew by 17.6% compared to the previous month, reaching 2.70 trillion dollars. This was driven by a significant capital inflow through exchange-traded funds.