Central Bank of Italy Declares Virtual Currency Exchanges Are Not Subject to AML Requirements
The “Notice About the use of virtual currencies” (published on the Supervisory Bulletin No. 1, January 2015) is a summary of guidance previously issued by the European Central Bank (ECB), the European Banking Authority (EBA), and the Financial Action Task Force. The Central Bank of Italy is the first to release any statements based on the ECB’s comments. The Notice clarifies the legal status of virtual currencies in Italy with this important statement:
“In Italy the purchase, use and acceptance of virtual currency must be considered lawful activity: the parties are free to transact in amounts not expressed in legal tender.”
https://bitcoinmagazine.com/19244/central-bank-italy-declares-virtual-currency-exchanges-not-subject-aml-requirements/
Topic: [2015-02-04] Central Bank of Italy on Virtual Currency Exchanges (Read 950 times)
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