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The Bank of Italy has raised alarms over the increasing risks posed by dollar-pegged stablecoins and Bitcoin investments by non-financial firms. In its latest Financial Stability Report, the central bank highlights crypto volatility and its growing ties to the broader economy as key concerns.
- The Bank of Italy warns that stablecoins could become systemic risks due to their dollar-pegged nature and growing adoption.
- Non-financial corporations investing in Bitcoin face heightened scrutiny as their crypto exposure raises financial stability concerns.
- Crypto volatility and increasing ties to traditional finance are flagged as emerging threats in the central bank's Financial Stability Report.
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