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Cybercrime, such as online fraud, industrial undercover activities, and the use of cryptocurrency for money laundering, etc. in Italy, is the rapidly increasing malevolent business with the highest margins of diffusion in the future, according to the Global Risk Report 2019 by the World Economic Forum. The country incurred a loss of around €10 billion in 2018.

Gambling has always been a very profitable venture, provided you are the casino owner, not the gambler. Numerous problems found in traditional gambling businesses vary from causing addiction to trespassing the fine line delimiting grey area from crime. However, with the advent of the internet things have changed.

When Bitcoin first launched in 2009, very few expected it to have such a massive and far-reaching impact on the online gambling industry.

Bitcoin, the leading cryptocurrency on the market, has outshined the online payment processing bull PayPal in the total number of yearly transactions. From the data given by Global Statistics portal, Bitcoin (BTC) had $1.3 trillion worth of transaction volume last year and PayPal had $578.65 billion.

To date, the Blockchain HTC Exodus 1 has, appropriately, only been available for purchase with Bitcoin, Ether, Ripple or other big cryptocurrencies. With effect from today, however, all interested parties will be in a position to obtain HTC’s blockchain (DLT) smartphone via traditional (fiat) ways such as USD. The smartphone is so far being sold online at around $699.

The e-commerce sector in Italy is expanding. According to the 2017 statistics, nearly half the total number of Internet users in the world have purchased something online at least once. This trend seems to be popular in China, the USA, Germany, as well as in Italy.

Estonian company MinexSystems has commenced the full start of operation of its two primary products, MinexPay and Minex Web Wallet, which in conjunction create one of the most completed cryptocurrency card ecosystems on the market. Minex Web Wallet is a secure web wallet system which offers storage and control over several digital assets, as well as activation and control of the cards purchased via MinexPay. MinexPay offers a card program, which can be used both for crypto online and offline payments and ATM withdrawals, with very attractive limitations.

The Green tables and slot machines seem to be the new economy for Italy. Particularly distributed ledger technology, online and digital contracts system collection protocol which is appropriating large space most peculiarly in the era of financial transactions and exchanges of cryptocurrencies.

Authorities in South Korea arrested 9 drug dealers who sold narcotics through an obscured online platform using crypto, according to a report by Korea Herald. The office of Seoul Central District Prosecutor revealed on December 23, 2018, that the purported criminals used the darknet and even developed a website purposely to sell drugs.