Bank of Italy warns about crypto risks and US policy influence
Despite caution, Italian banks, like Intesa Sanpaolo, are quietly entering the crypto space, buying Bitcoin and developing blockchain-based financial products.
The Bank of Italy has once again expressed concerns over the growing influence of crypto in traditional finance. In its latest Financial Stability Report, the central bank warned that the global integration of digital assets poses a significant risk to financial stability.
For years, central banks have raised alarms about the systemic threats crypto presents. These include volatility, regulatory gaps, and the potential for contagion across markets. However, recent political changes have intensified these worries.
The bank noted that the…
