Economy Minister Giancarlo Giorgetti
said Friday that the spread of crypto-assets was a growing
challenge on many fronts, including the fight against crime.
"One of the most insidious and pervasive threats today comes
from the crypto-asset market, which is rapidly expanding thanks
to the interconnection between the financial and digital world
and has attracted the appetites of criminals," Giorgetti said
at the opening of the academic year of the finance police's
school of economic and financial policing.
"Digital technologies have made everything easier to use and
faster, increasing the demand for a new digital finance.
"But we must be aware that, if the demand is not satisfied by
official institutions, it is inevitable that it will be
intercepted by criminal organizations.
"Bitcoin and cryptocurrencies are an opportunity but also a high
risk for the volatility of the system and, thanks to their
anonymity and non-territorial nature, they have also become a
means of laundering money or are used by some nations as an
alternative currency to loosen or evade the sanctions that
oppress their economy.
"It is therefore necessary to find a balance between innovation
and regulations".
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