The Italian prime minister, Matteo Renzi, has taken the all-time risk of pledging to resign after a negative result of a referendum on a constitutional reform which could make it easier for the government to pass laws without unnecessary delays.
The referendum ended with the ‘No’ campaigners, led by opposition politicians of the 5-star party, winning by a margin of more than 60%. CoinIdol.com Blockchain News Outlet will examine the effects of this referendum on Europe as a whole and the position of cryptocurrencies in Italy.
Was the referendum necessary?
As is the case in many democratic nations, critical decisions of public interest are made by the public through a majority vote process of referendum. In Italy, the prime minister saw a problem in how the government is run because of a lot of delay fr om the parliament, so with a Yes result he would be able to speed up the process of passing a bill.
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https://coinidol.com/influence-of-referendum-in-italy-on-cryptocurrencies-in-europe/
