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Italy’s central bank has raised alarms over crypto’s deepening ties to traditional finance, warning of potential market instability. Despite these concerns, the country’s largest commercial bank has begun investing in Bitcoin, highlighting a growing divide in financial strategy.
- Italy’s central bank warns crypto’s ties to traditional finance could create systemic vulnerabilities, citing volatility and regulatory gaps.
- Intesa Sanpaolo, Italy’s largest bank, has invested in Bitcoin and launched crypto services, defying central bank caution.
- The report highlights risks from U.S.-dominated stablecoins and crypto firms, warning of threats to EU monetary sovereignty.
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