Against the ‘Putrid’ Euro, Naples’ Mayor Plans to Launch Autonomous Cryptocurrency

Naples’ mayor, Luigi de Magistris, has posted an impassioned pledge to launch an autonomous municipal cryptocurrency that, he says, would unshackle the city from “anti-southern discrimination” and “unfair” debt, on his Facebook (NASDAQ:) public profile September 2.

De Magistris argued for the new currency as part of a threefold plan of action that would reclaim political and fiscal autonomy for Naples — the capital of Italy’s southern Campania region.

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