on the crypto
The is now quite known opposition of sectors of finance and the traditional economy towards virtual currencies. An opposition that in recent years has been diminishing, but that sometimes returns to appear quite virulently. As demonstrated by the statements made in the last hours by Corrado Passera.
Who is Corrado Passera
Corrado Passera is well known in Italy not only for being a banker and business manager, but also for having held the role of Minister of Economic Development and Minister of Infrastructure and Transport for the Government headed by Mario Monti. An experience not really exciting, to tell the truth, as indeed demonstrates the very poor acceptance of Italian voters not only towards the Prime Minister, but also towards Passera. These, in fact, once the period ended at the government he tried to recycle himself in politics, founding one of his movements but it quickly failed.
What did he say
During a recent interview with Dagospia, Passera illustrated the contours of her new project, Illimity, a bank that focuses its attention mainly on the real economy, that is, on families and small businesses.
Interview during which he also wanted to touch on the theme of fintech and cryptocurrency. However, while he showed a certain favor for the use of technology in the credit sector, with regard to virtual currencies he did not hesitate to declare all his opposition, with tones that recalled those used until recently by an illustrious colleague , or that Jamie Dimon that drives JP Morgan Chase.
The opposition to Libra
In particular, Passera has opposed Libra, the new virtual currency of Facebook, stating that it could represent an extremely serious risk. The reason for his judgment lies in the fact that Mark Zuckerberg's project would make one antidemocratic vision, taking away from the authorities legitimately elected control over money and its flows. In practice, according to Passera, the true end of Pound it would be the creation of a kind of supranational state with its own currency, its own rules and its own courts. Which could even support an army of its own, perhaps too extreme a speech that has also been addressed by the institutions of many countries, as well as by the European Union and the ECB.
Then extending the discussion to cryptocurrencies, according to Passera they they would be, at best, a scam, at worst a gift to international crime. Theses that in this second case closely resemble those of another Italian financier, that Davide Serra, founder of Algebris, considered by many to be close to Matteo Renzi, so much so as to have taken part in one of the editions of Leopolda. Theses to which the rest have already replied authoritative representatives of the academic world, stating how Bitcoin and most of the other cryptocurrencies that are most popular are indeed how less functional it can exist to be adopted by international crime, due to the fact that blockchain transactions can be easily reconstructed in every detail.
