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Bank of Italy Calls Bitcoin P2P “Crime-as-a-Service” in Latest Report

  • The Bank of Italy classifies Bitcoin P2P as 'Crime-as-a-Service' in its latest report.
  • The report highlights the potential for illicit activities due to the anonymous nature of Bitcoin transactions.
  • The Bank of Italy identifies weak AML regulations and the decentralized finance sector as susceptible to misuse.
  • Advancements in blockchain analytics mitigate concerns about Bitcoin's use in criminal activities.

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