Opinions & Interviews

Roberto Ruozi

Cryptocurrencies: The Role of the Bank of Italy and the Consob

In recent times, our monetary and financial authorities have finally decided to intervene in the dark world of cryptocurrencies and especially of cryptoactivities. Given the confusion and lack of knowledge on the subject, we should first state that the former are virtual currencies, the most widespread of which is Bitcoin, issued without any underlying value, not minted or produced physically, but traded electronically. Cryptoactivities, on the other hand, are generally linked to the funding of enterprises and projects, do not have any monetary function, and are expressed in cryptocurrencies, ...