Italian Authorities Issue Bitcoin Warnings, Urge Regulation
Three Italian institutions have issued new bitcoin warnings in recent days, calling for new legislation to eliminate loopholes and regulatory ambiguity. The warnings come just weeks after Italian lawmakersmet with a group of bitcoin advocates in a fact-finding session. Soon after that, on 1st July, the successful 'No Cash Day' event also saw bitcoin representatives advocating for the digital currency in parliament. Bitcoin regulation urged. Speaking in an interview with Ansa.it, Attorney General of Rome, Luigi Ciampoli, warned that bitcoin could be abused by criminals engaged in money....
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Italy is back at it with their warnings against the use of bitcoin and digital currency, according to a report from CoinDesk. At least three institutions in the country have released warnings on the matter recently, highlighting a desire to establish appropriate legislation, regulation, and clear the air surrounding the status of this new type of money. In speaking with Italian media outlet ANSA, the country's Attorney General - Mr. Luigi Ciampoli - echoed sentiments we've heard time and time again: bitcoin and other digital currencies could possibly be used for money laundering and even....
Italian police accused a man who ran a cryptocurrency exchange of being responsible for a series of hacks that caused millions in losses as part of an alleged massive fraud scheme. Italian Authorities Accuse Bitgrail Owner of Faking Hacks That Led Exchange’s Bankruptcy According to Reuters, the 34-year-old from Florence known by his initials F.F. and owner of Bitgrail, a crypto company that was declared bankrupt in 2019, is suspected of having faked a cyberattack that defrauded over 230,000 people which held nano coin, a crypto launched in 2015. The series of alleged fake hacks....
Snoop Dogg was touring in support of his new album, "Bush." Click photo to learn where to buy his album for Bitcoin. The rapper, actor and record producer Snoop Dogg was arrested by Italian authorities at the Lamezia Terme airport with $422,000 in cash stuffed inside of pieces of luggage. The Guardia di Finanza confiscated half of the money based on the money laundering legislation. The 43-year-old rapper, whose real name is Calvin Cordozar Broadus Jr., was on his way to England with the cash in Louis Vuitton luggage, according to an Italian lawyer who represents the entertainer. The....
Italian Companies and Exchange Commission has warned that Binance is not authorized to facilitate crypto investment services in the country. Italy’s securities market regulator, the Italian Companies and Exchange Commission (CONSOB), has issued a statement, in which it said that Binance Group and affiliated companies are unauthorized to provide investment services and operate in Italy.The regulator specified that the warning refers to Binance.com, the main website of the global crypto exchange. CONSOB went on to warn the public about potential implications of Binance’s legal status in....
Following a string of similar announcements from Estonia and Russia, the Central Bank of Lithuania issued a warning to its citizens regarding the use of bitcoin and other virtual currencies on 31st January. Now, two weeks later it has clarified its intent, indicating that the possibility of new regulation remains "under discussion", but that it would likely monitor decisions from Europe before enacting any laws. Speaking to CoinDesk, the Central Bank of Lithuania expanded upon earlier warnings that suggested the eastern European nation may issue "an official ban" on currencies not....