Proposed Italian Amendment Could Block Bitcoin Transactions Exceeding €1,000 By Treating it Like Cash
An parliament member in Italy — Sergio Boccadutri — posted a proposed Italian amendment (see his tweet) that would treat bitcoin like cash. Using cash in the country has a cap of €1,000, and it would be no different with bitcoin. The point? Get bitcoin recognized as a legitimate currency. In addition, this would make sure that businesses accepting bitcoin complied with the country’s anti-money laundering legislation (which again, calls for transactions no larger than the above amount). In addition to the amendment, Boccadutri, in partnership with CashlessWay will be holding an event on....
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