๐ Bitcoin enthusiasts, rejoice! While the world of finance is buzzing with Bitcoin's potential, not everyone is singing its praises. Major institutions are jumping on the BTC bandwagon, integrating it into their treasuries, but the Bank of Italy has thrown a curveball. ๐ข
In a recent report, the Bank of Italy labeled Bitcoin's peer-to-peer (P2P) services as "crime-as-a-service," citing concerns about money laundering. They argue that these platforms exploit regulatory gaps, bypassing traditional financial scrutiny. ๐ฎ
Despite this, the crypto community remains optimistic about Bitcoin's transformative power. As debates continue, the focus is on balancing innovation with regulation. ๐