If you have any interest in crypto-currencies you will be aware that a new crypto-currency called Zcash launched on Friday. The first mined Zcash coins sold on Poloniex for in excess of 500 BTC, although the price has substantially dropped since then. The reason Zcash is garnering so many headlines is because transactions are completely anonymous. While many online gamblers think bitcoin is also completely anonymous, that is incorrect. Bitcoin is an open ledger where anyone can see every transaction every made on the blockchain, which makes BTC pseudonymous. However, the level of anonymity offered by BTC is sufficient for most sports bettors and poker players. Zcash transactions are 100% untraceable and guarantees anonymity for its users, which has made legislators in Italy a little nervous. In a move designed to coincide with the Zcash launch, 14 members of the Italian parliament proposed in a bill to outlaw digital currencies that are totally anonymous. If other countries follow Italy's lead then Zcash could be banned at regulated and licensed online gambling sites throughout the world. This comes at a time when regulators in the United Kingdom and the Isle of Man are finally beginning to warm to bitcoin as a banking option.