
Bank of Italy Feels People Shouldn’t Create Their Own Currencies
Over the past few years, we have seen multiple new cryptocurrencies emerge. The vast majority of these coins have no inherent value whatsoever. In fact, one could argue the developers of such currencies have made quite a bit of money from their projects. The Bank of Italy now warns the public about not issuing their own currencies moving forward. Quite an intriguing development, considering the local banks are struggling to find money.
Anyone in the world can issue their own currency these days. That is, assuming they want to issue a cryptocurrency or an Ethereum-based token. There is very little coding knowledge required these days as well. A lot of cryptocurrencies simply copy features from other coins to keep things “fresh”. Moreover, the code for currencies such as Bitcoin and L