20+ Dedicated Server Configurations Available for Instant Provisioning

English

Home

Blog

Italy seeks to ban Zcash and other anony...

Italy seeks to ban Zcash and other anonymous digital currencies

Italy seeks to ban Zcash and other anonymous digital currencies

NetShop ISP

NetShop ISP · Blog Author

Oct 31, 2016 · Archive

The new cryptocurrency Zcash is officially launched. In Italy this new currency, which promises a strong focus on anonymity, is greeted with a plan to ban fully anonymous digital currencies.

Zcash was not even released to the public when it already started causing controversy in the country. As a result, the lawmakers of Italy decided to sign a new bill banning anonymous cryptocurrencies that are becoming strong contenders for older alternative coins.

IT expert and a member of the Italian Parliament Stefano Quintarelli tweeted last week that “in 14 MPs we proposed a bill in Italy to ban fully anonymous cryptocurrencies.”

Even though Italy is not the first country not being keen on the digital currency, the decision comes at a difficult time, as Italy is dealing with a looming financial crisis. The Italian government allows Bitcoin without any regulation, however they frown upon other digital currencies that could gain mainstream traction.

Digital currency community members are not amused by this decision, however it is doubtful if this bill will ever turn into law.

Press Releases
88

Free VPS Trial

No Credit Card Required.

Recent Posts

NetShop ISP Expands Global Reach with PoP VPS Solution

NetShop ISP Expands Global Reach with PoP VPS Solution

02 June, 2025

NetShop ISP Announces Two Long-Standing Executives as Partners

NetShop ISP Announces Two Long-Standing Executives as Partners

27 May, 2025

[CEO Interview] Powering the Digital Backbone: A Conversation with Stefano Sordini

[CEO Interview] Powering the Digital Backbone: A Conversation with Stefano Sordini

22 May, 2025

Goodbye Skype! Dedicated Support Continues via Teams & Slack

Goodbye Skype! Dedicated Support Continues via Teams & Slack

15 April, 2025

NetShop ISP Unveils Revamped Website With Modern UI & Improved Navigation

NetShop ISP Unveils Revamped Website With Modern UI & Improved Navigation

09 April, 2025

#letushostyou

Award Winning Hosting Provider established in 2004.

120 Faneromenis Avenue, Imperial Tower, 2nd Floor, Larnaca 6031, Cyprus

Products

Bare Metal Servers

Customized Servers

Virtual / Cloud Servers

Forex VPS

Storage VPS

cPanel Web Hosting

Reseller Web Hosting

Colocation

Addons

Premium DNS

Email Hosting

Cloud Backup

DDoS Protection

Licenses

SSL Certificates

Domain Names

Premium SLAs

About Us

Data Center Locations

Looking Glass

Our Company

Contact Us

Careers in Cyprus

Become a Partner

Awards

Certifications

© 2025 S.S. NetShop Internet Services Ltd. All rights reserved.  Terms & Conditions  |  Privacy Policy
CY Reg. Number: HE 217340 | EU VAT Number: CY10217340J

Visa
Mastercard
PayPal
Bitcoin
Tether
Ethereum
Litecoin
Wise
Revolut
Wire Transfer