fbpx
Select Page

ITALIAN WINE CRYPTO BANK: ITALIAN WINERIES FACING THE CHALLENGE OF CRYPTOCURRENCIES AND DIGITAL ASSETS/1 – SECURITY OF UTILITY TOKENS

Feb 18, 2021

With the launch of the Italian Wine Crypto Bank (IWCB), the first and only Wine Bank in the world based on blockchain technology and cryptocurrencies, many Italian wineriesfor the first time are exposed to a new and stimulating world. “The response from the wineries to date is truly encouraging, the interest is high, the questions we receive are many and all very pertinent,” says Davide Casalin, Manager of relations with wineries for the IWCB.

 

“Unfortunately, in Italy there are still prejudices about cryptocurrencies and digital assets. In general, these prejudices are based on very old happenings and they are fed by superficial media”, adds Rosario Scarpato, Founder and Director of the IWCB, who adds: “Some wineries, for example, have unfounded concerns about the utility tokens, as if they were something illegal. They are not. Reliable utility tokens are issued in countries, such as Estonia, for example, with strict rules against money laundering and terrorism, which are constantly updated. Moreover, tokens are by now issued and exchanged in KYC (Know Your Client), a protocol that requires the identification of the token holder”.

 

Wineries interested in joining the Italian Wine Crypto Bank can contact: