While we haven’t exactly seen widespread adoption of bitcoin for
digital news subscriptions, it’s nice to see it getting a start in Italy.
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| Bit-Wallet at Bitcoin Meetup in Rome Photo by G. Baroncini Turricchia |
“Risk and opportunity were clearly disclosed in a neutral way. In the second part, [a representative moderated a] discussion between politicians, institutions and business, and [many questions were asked by these participants].”
The events come in the wake of the Central Bank of Italy’s May warning that domestic investors should avoid buying, investing in or using bitcoin as a currency due to price volatility and the lack of consumer protection laws to protect consumers.
Proliferating bitcoin
A second, non-affiliated event, organized by digital payment advocacy group CashlessWay, is set to take place on 26th June. Speakers will include bitcoin banking provider Robocoin CEO Jordan Kelly and parliament member Sergio Boccadutri, who presented a proposal for regulating bitcoin under existing Italian law in January.
“Italy is full of cultural tastemakers and has a rich history in banking and finance. These all support Robocoin’s goal of helping proliferate bitcoin.”
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In the second part there will be a round table that will allow for the comparison of ideas and the points of view of different stakeholder. The event is organized by the On. Quintarelli and CoinCapital, bringing the Bitcoin inside the walls of the Italian Parliament allowing to highlight the risks and the opportunities.Open your free digital wallet here to store your cryptocurrencies in a safe place.
“The use of electronic
currency is restricted to banks and electronic money institutions — that is,
private legal entities duly authorized and registered by the Central Bank of Italy.
Aside from these developments, Italy
does not regulate Bitcoin use by private individuals, and currently the
implementation of initiatives concerning the use of electronic currencies lies
with the EU.”
“Banca d’Italia is
studying the [Bitcoin] phenomenon, and perhaps — if they were fast — in 10-20
years we could have a law on it.”
“In Italy, we are at the beginning of
Bitcoin’s spreading among the population. There is an interesting Bitcoin
community [in Italy],
but it is still very hard to explain to Italian people the real value that
Bitcoin creates in the economy and the job opportunities it creates.This is because of
misinformation by the national media that actually regard it as a scam or worst
as associated with criminal deeds.Even the local Bitcoin
Foundation is not as active as it should be, so whatever can move this
situation is welcome.”
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