06 Jan '13, 6pm

Italy Stops Electronic Transfers Inside Vatican Amid Money Laundering Concerns. Should #Pope should use #BitCoin?

Italy Stops Electronic Transfers Inside Vatican Amid Money Laundering Concerns. Should #Pope should use #BitCoin?

The Bank of Italy suspended all bank card payments on Vatican territory from the start of the year and ordered Deutsche Bank Italia, which manages electronic payments for the world’s smallest country, to turn off its systems. Italian newspapers reported that the action was taken after officials at the Italian central bank became worried that the Vatican was not prepared to implement new anti-money laundering rules. The suspension of card services means that the Vatican museum, along with the territory’s pharmacy and post office, have all been unable to transfer money and accept payments. A spokesman for the Vatican told the Italian press the state hoped to find a non-Italian bank to provide it with access to payment services “quite soon” and that the problem would be “short-lived”. The Vatican has not commented directly on the Bank of Italy’s concerns. Five million tourist...

Full article: http://www.telegraph.co.uk/finance/newsbysector/banksandf...

Tweets

@jonmatonis please keep an eye on the other Forbes writers... The hell is Gobry talking about? =) #money #fiat #bitcoin

@jonmatonis please keep an eye on the other For...

blog.bitinstant.com 09 Jan '13, 4pm

Pascal-Emmanuel Gobry wrote yesterday for Forbes that “all money is fiat money. ” The sophistry of this article ruined my ...

{New Blog Post} Lake Como, Italy: We hopped on a train and went to Como..

{New Blog Post} Lake Como, Italy: We hopped on ...

storyofbing.com 06 Jan '13, 5pm

So we got bored in winter dead Milan after a couple of days and decided to do a day trip to Lake Como. The hubby wanted to...

Money Clip: What's Their Secret?

Money Clip: What's Their Secret?

golfdigest.com 08 Jan '13, 3pm

When Elaine Spitzer and her husband, Alan, moved into their home overlooking the fifth green at Parkland Golf & Country Cl...

{New Blog Post} Rome, Italy: We hopped on a train to the lovely Roman city..

{New Blog Post} Rome, Italy: We hopped on a tra...

storyofbing.com 10 Jan '13, 5pm

Buying a ticket to take a train from Milan to Rome was easy. We had purchased our tickets way in advance online at the Tre...

The IMAGINE American Express EZ-Link prepaid ca...

daphnemaia.com 06 Jan '13, 10am

Has anyone ever thought about what an annoyance it is when every single card in your wallet is an EZ-Link, and you can’t s...

A Note to Self from Italy…

A Note to Self from Italy…

ronisweigh.com 16 Jan '13, 12am

I’ll be preaching it to my dying day: Food that’s fun, takes just a little time to prep, and look pretty is always more sa...

'Rolex Taste, Timex Money' Learn to shine on a budget!

'Rolex Taste, Timex Money' Learn to shine on a ...

vencerny.com 06 Jan '13, 11pm

In the 90′s—after lawyers, doctors, and retired businessmen—rappers were the lead buyers of luxury watches. The most commo...