Banking

EU High representative Kaja Kallas confirmed the sanction package will target banks, weapons manufacturers, oil traders, refineries and crypto operators in third countries, with the commission proposing an additional transaction bans on over 30 banks in Russia and abroad.

A group of six Republican senators sent off a letter to the country's top banking regulators last week, and the message was straightforward, it said the rules that prevent U.S. banks from holding digital assets need to go.

On May 27, 2026, Banca Sella completed its notification process with the Bank of Italy, making it the first Italian bank formally authorized to offer cryptocurrency services under the EU’s Markets in Crypto-Assets regulation.