With the issue of the regulation by Central Bank “For the custody service of virtual assets by banks ”, the Delegated Decree ratified in June it becomes operational. Among other things, the methods and timing of verification of the requisition; discipline on the authorization procedure and causes of its suspension. With this technical step, San Marino now has what it takes to open up to a market, that of cryptocurrencies, in very strong growth, linked to added value and not to the territorial dimension. And being among the first countries to regulate the matter, can play in advance.
“Dare to have a clear regulatory framework is the element of availability we wanted to achieve by working quickly with all stakeholders. This is what all operators looking for research in this sector and we have tried to provide before others “, comments the Secretary of Industry Fabio Righi, which now looks at the legislation dedicated todigital identity: “It already exists in the public but must be implemented in the private sector.” He hopes for a definition within the year, “at the latest early next year, to put that brick that would not only open more services but also facilitate The dialogue between entrepreneurs and public administration, gap still to be filled “.
There are many sectors related to new technologies to consult: “Everyone – says Righi – can be reviewed in a digital key and provide cutting-edge solutions. San Marino lends itself well to this type of activity, because it is a small but at the same time complex and autonomous ecosystem, and which therefore can become a technology hub also important for large companies such as those that have already appeared on our scenario “. Quote Amazon And Alipay, but also paypal and “tri giants who solution solutions that can find in the Republic of San Marino an interest in creating partnerships, carrying us forward for years compared to other countries”.