News list for " Bank of Italy"
The Bank of Italy said multiple stablecoins posed operational and liquidity risks and called on regulators to provide legal clarity as soon as possible. It noted that cross-border offerings increased operational and liquidity risks and argued that clear legal provisions would be "timely and valuable". At the same time, multiple stablecoins are sparking tensions between the European Central Bank and the European Union Commission.
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 bitcoin holdings by non-financial companies "expose them to significant price volatility" and warne...
On February 17, according to Cointelegraph, the Bank of Italy and the securities regulator are in discussions with crypto service providers to ensure adequate safeguards are in place to deal with financial and cyber security risks. Fabio Panetta, the governor of the Bank of Italy, discussed key issues such as cyber security risks related to crypto assets, digital finance, and global and European regulation at the 31st AssiomForex Congress on February 15.
According to a Bitcoin Magazine article on the X platform, the Bank of Italy has designated bitcoin P2P services as "crime as a service" because of their suspected use for money laundering.
The Bank of Italy has said that regulatory instability and increased taxes on cryptocurrencies could lead operators to conceal their activities.
The Bank of Italy has said that regulatory instability and increased taxes on cryptocurrencies could lead operators to conceal their activities.
The Bank of Italy has said that regulatory instability and increased taxes on cryptocurrencies could lead operators to conceal their activities.
The governor of the Bank of Italy, Fabio Panetta, said the central bank would publish guidelines "in the coming days" on how to apply the European Union's upcoming cryptocurrency rules. According to Panetta's speech to the Italian Banking Association, the guidelines will "aim to promote the effective application" of the European Union's Crypto Asset Market Regulation (MiCA) and "protect" the holders of some cryptocurrencies. The MiCA outlines two broad categories of tokens, Asset Reference Token...
ECB Executive Panetta: The Bank of Italy will issue a market notification in the coming days on how to implement the upcoming European Union crypto asset regulation "MICAR". "MICAR" defines both electronic money tokens (EMTs) and asset reference tokens (ARTs) as means of payment and exchange.
