The Italian municipality of Fornelli in the Molise region of Italy will be dedicating a monument to pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto.
In an April 23 Facebook post from the municipality, Fornelli said it plans to unveil the Satoshi artwork on May 1. Details surrounding the monument were unclear in the announcement, but the municipality said it had been designed by artist Mattia Pannoni and financed by the local government.
“It is important, indeed fundamental, as an administration, to take into consideration all the new ideas that come from our young people,” said Fornelli Mayor Giovanni Tedeschi.
According to the local government, Fornelli has the “highest density of Bitcoin adoption in the world” among its roughly 1,800 residents. Other regions have attempted to use BTC or other cryptocurrencies to attract visitors, including the Bitcoin Beach area of