Italy new Law Booked over $ 46 million for companies that want to set up a subsidiary to study blockchain. Starting September 21, 2022, companies will be able to apply for this budget individually or jointly.
Italy’s Minister of Economic Development Giancarlo Giorgetti explained that the initiative aims to support companies’ investment in innovative technologies to modernize their production systems. He added:
“The challenge of competitiveness requires the manufacturing industry to constantly innovate and seize the potential of new technologies,” he adds.
Initiatives to investigate artificial intelligence (AI) and the Internet of Things (IoT) are also accepted.
Production systems, education, agriculture, environment, infrastructure, tourism, information security, and blockchain, AI, and IoT applications in aerospace can be considered funding targets.
Italy on cryptocurrencies
Although not the most accepted country, Italians have a relatively high cryptocurrency adoption rate.
based on Numbers Since 2021, Italy has been ranked 10th among the 27 polling countries with the highest adoption of cryptocurrencies. Bitcoin, Ripple, Bitcoin Cash and Ethereum have emerged as the most popular coins in the country.Report by Chain analysisItaly, on the other hand, ranked seventh in the adoption of cryptocurrencies, after Germany and the United Kingdom.
In terms of regulation, crypto assets are the responsibility of the national market watchdog, Consob. June 2021, Consob Said With over 4,000 crypto assets in circulation, the government needs to take steps to mitigate the risk. Since then, no cryptography has been announced.
But the county subject All virtual asset providers went to the point of complying with AML rules in early 2022 and blocking Binance from Italy. Another indicator of Italian cryptocurrency adoption came from Binance, who did not give up on the Italian market and re-entered the country with a new registration.
In January 2022, Banca Generali, Italy’s largest private bank, announced that it would allow private clients to buy and hold Bitcoin until the end of 2022. Banks have started technology integration. However, the release has not yet been announced.
Colombia and South Korea
Colombia and South Korea are moving forward as two countries that have recently invested in blockchain.
Like Italy, South Korea has announced that it has set a budget to harness the potential of the Metaverse industry. The $ 117.1 million budget will be used by South Korea to develop a metaverse that can educate its citizens, embrace and collaborate with world-renowned spirits and create new jobs. The country has already begun the first steps in its Metaverse program, aiming to become the largest Metaverse market by 2026.
Meanwhile, Colombia recently announced that it has incorporated a blockchain-based solution into its domestic system. The new project is being used by the National Land Agency of Colombia and can enroll over 100,000 contracts.
