Naples Mayor Pledges to Launch Autonomous Municipal Cryptocurrency

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Naples Mayor Pledges to Launch Autonomous Municipal Cryptocurrency

The Mayor of Naples, Luigi de Magistris, posted a message on his Facebook page in which he announced his intention to launch an autonomous municipal cryptocurrency. According to him, such a step will help the city to fight discrimination and unfair treatment by the Italian government..

The launch of its own virtual currency is just one of three points of Luigi de Magistris’s plan to restore political and fiscal autonomy for the capital of the southern region. In the text of the message, the mayor did not talk about the specific steps of creating a cryptocurrency and its features, but with his statement he strengthened separatist sentiments and the confrontation of politicians. He also calls the euro «rotten» currency.

Italy is currently going through difficult times with the conflict between the industrialized north and the subsidized south. According to Luigi de Magistris, the country’s government is pursuing an anti-southern policy, infringing on the rights of the local population. He focuses on the fact that Naples is a tourist destination, and the launch of the cryptocurrency will help to recreate the traditional economic structure..

Although politicians often make loud statements, they are not always true. Reuters recently questioned the viability and even the existence of El Petro..

text: Ivan Malichenko, photo: ML5909 / Pixabay