‘Cartoon virtual currencies’ ‘will be banned in Italy’

On Friday, the Italian Ministry of Finance announced that “cartoon and virtual currencies” will be outlawed in Italy in the coming months.

The news was reported by Sport Italia, the paper of the Italian football association, as well as the daily newspaper Il Giornale.

“Cartoon and digital currencies will be prohibited under the law as soon as possible, with an immediate effect,” a statement on the ministry’s website read.

The ministry added that it will introduce measures to “defend the integrity of virtual currencies”, and it would also “implement the necessary legislation”.

In April, Italy’s central bank banned virtual currencies such as bitcoin and ethers in a move aimed at combating money laundering and terrorism.

But the move was met with widespread opposition and a wave of protests.

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