Italian MPs Aim To Ban ZCash And Other Anonymous Cryptocurrencies

Today is the day on which Zcash will officially launch. This new cryptocurrency has been getting a lot of attention from Bitcoin enthusiasts in recent weeks. With a strong focus on anonymity, this currency could become an interesting contender for established altcoins. But in Italy, the launch of Zcash is greeted with a new bill to ban fully anonymous cryptocurrencies.
Italy, along with a lot of other countries around the world, is not overly keen on cryptocurrency. While they allow Bitcoin usage without specific regulation, they will scrutinize other currencies which could gain mainstream traction. ZCash, while not even released to the public, is already causing a fair bit of controversy. So much even that fourteen Italian MPs decided to sign a new bill banning anonymous cryptocurrencies in the country.

This post was published at NewsBTC on October 28, 2016.