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Italy’s central bank has raised alarms over the potential risks posed by U.S. President Donald Trump’s pro-cryptocurrency policies. The Bank of Italy warns that regulatory disparities between the U.S. and EU could be exploited, threatening financial stability. The report highlights concerns over Bitcoin volatility and the systemic risks of USD-pegged stablecoins.
- The Bank of Italy warns that Trump’s pro-crypto policies could create regulatory arbitrage opportunities between the U.S. and EU, increasing financial instability.
- USD-pegged stablecoins like Tether (USDT) pose systemic risks, potentially disrupting global bond markets and weakening euro-based payment systems.
- Italy is enforcing stricter crypto regulations, including fines up to $5.4 million for offenses like market manipulation, to mitigate these risks.
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