Central Bank of Italy Declares Virtual Currency Exchanges Are Not Subject to AML Requirements

By February 4, 2015Bitcoin Business

The Central Bank of Italy ( Banca d’Italia ) is that country’s first governmental authority to issue a statement on virtual currencies. It recently published three directives:

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 […]

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