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The Italian Parliament began the hearings concerning the impact of Bitcoin and other cryptocurrencies on the various aspects of society on 11 June, 2011
“The use of electronic currency is restricted to banks and electronic money institutions — that is, private legal entities duly authorized and registered by the Central Bank of Italy. Aside from these developments, Italy does not regulate Bitcoin use by private individuals, and currently the implementation of initiatives concerning the use of electronic currencies lies with the EU.”
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