Banca Sella Becomes First Italian Bank Authorized for Crypto Services
- Regulatory Milestone: Banca Sella has completed the notification process under the EU's Markets in Crypto-Assets regulation (MiCA) with the Bank of Italy, becoming the first Italian bank authorized to offer crypto-asset services, marking a significant regulatory entry into digital assets for the country's banking sector.
- Future Service Plans: The bank plans to launch a custody, transfer, and receipt solution for digital assets in 2026 targeting selected customer segments, which will not only enhance customer service capabilities but also drive a comprehensive transformation of the Italian banking sector into digital assets.
- Industry Impact: This move by Banca Sella is seen as a crucial step for Italy's banking sector towards compliant digital asset services, signaling a shift from pilot projects to licensed infrastructure, potentially prompting other banks to follow suit.
- Historical Context: Banca Sella's crypto activities trace back to its digital banking brand Hype's partnership with Italian crypto firm Conio, which operationalized Bitcoin wallet services as early as 2020, demonstrating the bank's ongoing investment and innovation in the digital asset space.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0235 | 0.0279 | 0.032 | 0.0364 | 0.0405 | 0.0449 | 0.049 |
| Fibonacci | 0.0279 | 0.0312 | 0.0332 | 0.0364 | 0.0397 | 0.0417 | 0.0449 |
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