Italy to boost cybercrime policing as mafia groups take to bitcoin, other cryptocurrencies

Digital currencies are increasingly being used by mafia in Italy, as organised groups eye conducting financial operations on a platform with no financial regulators or government guidelines.Cryptocurrencies are purely digital, meaning there’s no bill or coin to be held. Instead, the money is made up of cryptological codes of numbers and letters.They are generally decentralised, with transactions taking place directly between users. Users employ something called a blockchain, a complex kind of…