Cryptocurrencies like Bitcoin
can do harm, Economy Minister Pier Carlo Padoan said Wednesday.
"Blockchain is a technology and technology is one thing, and
the use you make of it is another," he said.
"The problem is not the technology but the behaviour," said
Padoan.
According to the economy minister, "the oversight
authorities are ever more active and the central banks are
weighing whether to use cryptocurrencies but then, if the
phenomenon explodes, they can do harm".
Bitcoin is a cryptocurrency and worldwide payment system.
It is the first decentralized digital currency, as the system
works without a central bank or single administrator.
There are several other cryptocurrencies.
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