TheĀ European Banking AuthorityĀ Ā asked the European Commission to set a European regulation forĀ Ā cryptocurrencies (see here aĀ previous post by BeBeez). The EBA published such suggestion inĀ Report with advice for the European Commission on crypto-assetsĀ thatĀ Valdis Dombrovskis,Ā the vice president of the European Commission, asked to publish. EBAās report says that the authority aims to implement the following changes in 2019:
- Development of a European monitoring system for the volumes and the activities of cryptocurrencies;
- Assessment of the commercial strategy of financial firms that sell cryptoassets to retail investors
- Assessment of banks exposition to cryptoassets;
- Creation of a common ground of rules for the holding cryptoassets of traditional banks;
- Continuously monitoring the innovation and the regulatory precinct of cryptoassets and their activities
Clear Leisure, a London AIM listed investment company of whichĀ Francesco GardinĀ is the Italian chairman and ceo, paid 0.31 million of euros (0.279 million of British Pounds) for 10% ofĀ PBV Monitor, a market intelligence firm for legal services, on the ground of an enterprise value of 3.1 millionĀ Ā (see here aĀ previous post by BeBeez). Clear Leisure will appoint a board member for PBV and will be the companyās exclusive advisor for an eventual sale that may take place by 1 January 2020 and for a four years period. Clear Leisure will get a 4% commission out of any sale of the company.
Finscience, an Italian startup operating in the field of big data analysis for finance, merged withĀ 3rdPlace, an intelligence provider for digital data and rebranded asĀ DatrixĀ (see here aĀ previous post by BeBeez). Finscience and 3rdPlace founders are:Ā Fabrizio Milano DāAragona, ceo previously working atĀ Google ItaliaĀ as retail, fashion and local sectors manager;Ā Mauro Arte, previously in charge of media & entertainment at Google Italia and head ofĀ You Tube Italia;Ā Claudio Zamboni, previously Google Italia industry leader for telco and entertainment; andĀ Alessandro Arrigo, a seasoned digital consulting professional. Datrix will develop and sell proprietary Artificial and Augmented Intelligence services. In previous investment rounds, Finsicience attracted resources fromĀ Giuseppe Galimberti, a former banker ofĀ JPMorgan, Morgan Stanley, Deutsche Bank, andĀ UBS;Ā Ugo Pastori, managing partner of Swiss consulting firmĀ WeisstorĀ and former ceo of hedge fundĀ Thalia;Ā Massimo Prelz Oltramonti, part of venture capital unit ofĀ OlivettiĀ since 1981 and former managing director ofĀ Advent International;Ā Marco Belmondo, previously working atĀ Epic sim,Ā Rbs, andĀ Unicredit;Ā Guido Ferrarini, cofounder of Epic sim, and Commercial Law professor atĀ Genoa University;Ā Nicola CollaĀ andĀ Fabio NalucciĀ co-founders of Bologna innovation platformĀ Gellify.
ProntoPro, a startup that created a marketplace for professionals and artisans, raised 6 million of euros (see here aĀ previous post by BeBeez). A group of business angels and real estate web portalĀ Immobiliare.itĀ invested in the company.Ā Giovanni Ciserani, formerly working atĀ Procter & GambleĀ and Chairman of the Board ofĀ Hero, is one of the investors and will join ProntoPro board.
