Against the 'Putrid' Euro, Naples' Mayor Plans to Launch Autonomous Cryptocurren

[Zurcemozz]

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 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.

While yesterday’s rhetoric-laden post did not explicitly outline details, the mayor’s previously discussed plans to launch a municipal cryptocurrency tied to the city’s economy has led to a ferment of local blockchain activity: details of the Municipal Administration’s work group for blockchain and crypto are even announced on the city’s official page.

The mayor’s latest post has contextualised this vision for a municipal cryptocurrency within a political effort to enfranchise southern regions and bolster self-determination against the “potentates who rule in Rome.” As the mayor notes, this push for greater local power has been preempted on the other side of Italy’s north-south faultline — in the north, “the separatists screamed first.”

https://cointelegraph.com/news/against-the-putrid-euro-naples-mayor-plans-to-launch-autonomous-cryptocurrency