Bringing Bitcoin closer to hard cash in Italy
Italy has made first step towards Bitcoin by implementing the same regulations as they do to cash. Italians just love cash. There are about 7 million people in Italy, who do not have the bank account and by that I mean that they had never had one. At the same time however, the number of population that downloaded bitcoin wallet places Italy 12th among other countries and this is only what can be traced. Although, on the general technological front Italy is far from the techy countries in EU. That probably is due to distrust to digital means of managing money and as we know, that kind of....
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What do Belgium, France, Italy, Greece and several other European countries have in common, other than proximity? All are plagued with governments that seek out and punish those who make large purchases in cash. This forces people to either use banks against their preference, or live with the risk of punishment. The states in both France and Belgium each forbid cash purchases in excess of €3000 (or US$3700). In Italy, the declared cash cap is even less—only €999 (US$1200). The Italian state even goes so far as to forbid people from paying their rent in cash altogether. If all of this....
A new brand of bitcoin ATM from Italy is tested and ready for shipping worldwide, says manufacturer Bit-Wallet, which produced the machine in cooperation with Italy's first cryptocurrency consultancy agency, CoinCapital. The ATM's compact size, price and feature set look ready to challenge Lamassu's machines, which have proliferated in cafes and showrooms around the world since launching in October of last year. Like Lamassu, Bit-Wallet says its devices also have the option to be bi-directional, meaning users can buy bitcoins and also sell them for cash. This makes the devices more like....
The fourth annual No Cash Day, a digital payment awareness initiative started by Italian lobbying group Cashless Way, took place in Rome on 27th June, with this year's event placing a special emphasis on bitcoin and its related technologies. No Cash Day found Cashless Way organising the second of two discussions on bitcoin that took place in Italy's House of Parliament this June, with the most recent including notable community members such as Robocoin CEO Jordan Kelley and Italian parliament member Sergio Boccadutri, who also served as the event's promoter. Boccadutri has been....