Italian authorities are considering raising funds to help them create the next generation of dark web marketplaces.
Italian news outlet Il Messaggero reported Wednesday that Italian President Sergio Mattarella had asked the country’s Finance Minister, Angelino Alfano, to look into creating a new agency to manage the nascent marketplaces and digital currencies.
Mattarella has also asked Alfano to establish a commission to study and plan ways to help Italy build a more robust and sustainable dark web.
The government is looking into the possibility of launching a special digital currency for the dark web, but has yet to offer a detailed strategy.
The Italian government has also been working with the European Union and other countries to develop a dark web security strategy.
The EU has been working on plans to block illegal activity on its digital platforms.
The dark web is a series of websites designed to hide users’ identity and access information from law enforcement, criminals, governments and cybercriminals.
There are currently about 40 dark web sites operating worldwide.
The markets are popular because they allow users to bypass online filtering and privacy restrictions.
The EU has launched a multi-billion dollar project to fight money laundering and cybercrime.