(ANSA) - Rome, December 5 - 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.
Italian bank chief sounds Bitcoin alarm (2)
Risk of 'bubble' says ABI Director General Sabatini