Giovanni Sabatini, the director
general of Italian Banking Association ABI, on Tuesday sounded
the alarm about the growth of the Bitcoin cryptocurrency, saying
there was the risk of it being a "bubble".
"The value of this instrument can drop or increase by 20% to
30% from one day to another," Sabatini told the Lower House's
finance committee.
"It is the new gold of the virtual world, a totally opaque
and unregulated market," he added, voicing concern about the
issues of money laundering and terrorism funding.
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