The Italian city of Naples will launch a municipal cryptocurrency to reinforce the city’s autonomy, said the city mayor Luigi de Magistris.
In a lengthy manifesto published earlier this week on his Facebook (NASDAQ:FB) page, de Magistris announced a three-point action plan to turn Naples into a “global capital, instead of a capital of the Mezzogiorno (the Italian South)” and to achieve greater political and fiscal autonomy from the central government. Creating a special cryptocurrency is the third point in the plan, but no further details are provided, except that it would most likely become instrumental to Naples achieving political and economic independen...
This article appeared first on Cryptovest