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Chairman of Italy’s Securities Regulator Sees Issues With Unregulated Cryptocurrency Market
The administrator of the Commissione Nazionale per le Società e la Borsa (Consob), Paolo Savona, accurate apropos apropos cryptocurrency Monday. Consob is the government ascendancy of Italy amenable for acclimation the Italian balance market. He said as he presented the watchdog’s annual report:
The Consob administrator acclaimed that there are some 4,000-5,000 cryptocurrencies in apportionment after any anatomy of absolute regulation.
He added opined, “If we add to this Consob’s contempo own acquaintance in closing bottomward in Italy hundreds of websites illegally acquisition savings, the account that emerges is worrying,” elaborating:
Savona additionally warned that cryptocurrencies could be acclimated in bent activities, such as tax evasion, money laundering, allotment terrorism, and kidnapping.
A cardinal of assembly common accept accurate agnate apropos as Savona, including the admiral of the European Central Bank (ECB), Christine Lagarde, who ahead said cryptocurrencies were abundantly acclimated in illicit activities, decidedly money laundering.
What do you anticipate about the comments by the Consob chairman? Let us apperceive in the comments area below.
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