The European Banking Authority asked the European Commission to set a European regulation for cryptocurrencies (see here a previous post by BeBeez). The EBA published such suggestion in Report with advice for the European Commission on crypto-assets that Valdis Dombrovskis, the vice president of the European Commission, asked to publish. EBA’s 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 which Francesco Gardin is the Italian chairman and ceo, paid 0.31 million of euros (0.279 million of British Pounds) for 10% of PBV Monitor, a market intelligence firm for legal services, on the ground of an enterprise value of 3.1 million (see here a previous post by BeBeez). Clear Leisure will appoint a board member for PBV and will be the company’s 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 with 3rdPlace, an intelligence provider for digital data and rebranded as Datrix (see here a previous post by BeBeez). Finscience and 3rdPlace founders are: Fabrizio Milano D’Aragona, ceo previously working at Google Italia as retail, fashion and local sectors manager; Mauro Arte, previously in charge of media & entertainment at Google Italia and head of You Tube Italia; Claudio Zamboni, previously Google Italia industry leader for telco and entertainment; and 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 from Giuseppe Galimberti, a former banker of JPMorgan, Morgan Stanley, Deutsche Bank, and UBS; Ugo Pastori, managing partner of Swiss consulting firm Weisstor and former ceo of hedge fund Thalia; Massimo Prelz Oltramonti, part of venture capital unit of Olivetti since 1981 and former managing director of Advent International; Marco Belmondo, previously working at Epic sim, Rbs, and Unicredit; Guido Ferrarini, cofounder of Epic sim, and Commercial Law professor at Genoa University; Nicola Colla and Fabio Nalucci co-founders of Bologna innovation platform Gellify.
ProntoPro, a startup that created a marketplace for professionals and artisans, raised 6 million of euros (see here a previous post by BeBeez). A group of business angels and real estate web portal Immobiliare.it invested in the company. Giovanni Ciserani, formerly working at Procter & Gamble and Chairman of the Board of Hero, is one of the investors and will join ProntoPro board.