Italian Central Bank: No AML Requirement for Bitcoin Exchanges

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Digital currency exchanges in Italy are not required to enforce anti-money laundering policies, according to the country's central bank.

Banca d'Italia issued three notices on 30th January advising financial institutions not to hold or deal in digital currencies in the absence of a regulatory regime.

However, one of the notices, from the bank's Financial Intelligence Unit, clarified that businesses dealing in the exchange of digital and fiat currencies are not required to comply with anti-money laundering rules.

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