An Italian member of parliament, Marcello Coppo, has called for banking funds in Italy to consider investing in Bitcoin. He believes that this move would not only help the funds profit but also promote wider acceptance of this digital currency domestically.

Who Are the Banking Funds and What Is Their Role?

Bank funds in Italy are financial institutions operating with the aim of supporting social, cultural, and charitable activities. By investing a small portion of their income into $BTC , these funds not only create profit opportunities but also help reduce the excessive 'doubt' that Italians have towards cryptocurrency.

Italy's largest bank, Intesa Sanpaolo, has just confirmed the purchase of 11 Bitcoin valued at around 1 million euros (1 million USD), becoming the first bank in Italy to invest directly in cryptocurrency.
Detailed information
Official confirmation: This information was announced by the press office of Intesa Sanpaolo after an internal email was leaked on the 4chan forum.
Internal email: Signed by Niccolò Bardoscia, head of the Digital Asset Trading and Investment department of the bank, the email confirmed the execution of this transaction.

Italy's largest financial services and banking company, Intesa Sanpaolo, has also entered the Bitcoin business. The company paid 1 million euros to purchase 11 #BTC .
#IntesaSanpaolo , which is both a commercial and financial services company, paid 1 million euros to purchase 11 BTC. The institution, which is Italy's largest banking and financial services company, made the statement through its press office. With a customer asset of 1.4 professional euros, the company became the first bank to directly invest in Italy's cryptocurrencies and Bitcoin.
E-mail leaked
Some rumors about the subject had begun to circulate on Italian social media platforms since yesterday morning. These rumors were seen when an e-mail was leaked from the company of Niccolo Bardoscia, the bank's Digital Asset Transaction and Investment Manager. Later, the official announcement of the bank purchase was made.
No details given
It did not go unnoticed that the bank did not provide any other details despite the fact that the purchase was extended correctly. Intesa Sanpaolo's statement did not provide any information or details about the method of purchase or possible policies.
In Italy, the tax on profits from cryptocurrencies was approved by the parliament in the past days from 26% to 33%. The law will enter into force in 2026.
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