The Bank of Italy warns that cryptoassets pose a risk to financial stability
2025-04-29 22:02:45
In its April 2025 Financial Stability Report, the Bank of Italy noted: "The strong growth of bitcoin and other crypto assets with highly volatile prices not only implies risks for investors, but could also pose a potential threat to financial stability due to the growing links between the digital asset ecosystem and the traditional financial sector and the real economy." The report also noted that holdings of bitcoin by non-financial companies "expose them to significant price volatility" and warned of risks for dollar-anchored stablecoins "if they become systemically important".
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