Bank of Italy Governor Fabio Panetta has highlighted the limitations of the Markets in Crypto-Assets (MiCA) regulation in curbing crypto risks, advocating for the digital euro as a critical solution. In the Bank of Italy’s annual report, Panetta warned that relying solely on crypto rules is insufficient to address systemic threats. He stressed that the European Union must advance its CBDC project to maintain financial stability and meet the demand for secure digital payments, positioning the digital euro as a key tool in the evolving crypto landscape.
read moreBank of Italy
0 in Finance and 0 in Crypto last week
Italy Warns of Risks from Trump’s Pro-Crypto Policies
The Bank of Italy has expressed deep concerns about the implications of U.S. President Donald Trump’s pro-cryptocurrency stance, warning of regulatory gaps between the U.S. and EU that could destabilize financial systems. The bank’s April 2025 Financial Stability Report notes a temporary surge in crypto prices following Trump’s policy announcements but underscores the risks of Bitcoin’s volatility and its integration with traditional finance. Additionally, the dominance of USD-pegged stablecoins like Tether and USD Coin could distort global financial flows and undermine monetary sovereignty, particularly in the euro area. Italy is already tightening crypto regulations, including hefty fines for market manipulation, to counter these threats.
read moreItaly’s Central Bank Warns of Crypto Risks Amid Market Growth
The Bank of Italy has issued a stark warning in its latest Financial Stability Report, cautioning that the increasing integration of cryptocurrencies into traditional finance could destabilize markets. The report highlights concerns over volatility, regulatory gaps, and the potential for contagion, particularly as U.S. political shifts under Trump foster a more crypto-friendly environment. While the central bank urges caution, Italy’s largest commercial bank, Intesa Sanpaolo, has made significant Bitcoin investments and expanded crypto-related services, signaling a divergence in institutional approaches. The report also critiques the dominance of dollar-backed stablecoins and the concentration of crypto power in U.S.-based firms, raising sovereignty concerns for the EU. Despite regulatory unease, Italy continues to explore blockchain technology, including a central bank-led digital ledger initiative.
read moreBank of Italy Warns of Crypto Risks to Financial Stability
The Bank of Italy has issued a stark warning about the systemic risks posed by dollar-pegged stablecoins and Bitcoin investments by non-financial corporations. In its April 2025 Financial Stability Report, the central bank flagged crypto volatility and its deepening integration with the traditional financial sector as emerging threats. The report underscores concerns that high price swings in digital assets could destabilize not only investors but also the broader financial system. Stablecoins and corporate crypto exposure were singled out as critical areas requiring regulatory scrutiny to safeguard financial stability.
read moreGenerative AI and Its Impact on Central Banking Productivity
At the 4th Irving Fisher Committee and Bank of Italy Workshop, Paolo Angelini emphasized the transformative potential of Generative AI in central banking, noting its capacity to enhance global productivity by $2.6 – 4.4 trillion annually. Despite significant uncertainty in estimates, over 40% of corporations report a return on investment of 11-30% from advanced AI initiatives. The recent launch of the “R1” AI model by DeepSeek has sparked debate about the future of AI development and its implications for the tech industry.
read moreItaly Enhances Crypto Regulations Amid Global Financial Risks and Divergence
Italy’s central bank and securities regulator are collaborating with crypto service providers to enhance safeguards against financial and cybersecurity risks. Governor Fabio Panetta highlighted the need for regulatory coherence amid global scrutiny, particularly contrasting Europe’s MiCA framework with the US’s case-by-case approach. He warned that regulatory divergences could undermine financial system integrity and emphasized the importance of managing risks associated with big tech’s potential entry into the crypto space.
read moreItaly Enhances Crypto Regulations Amid Global Financial and Cybersecurity Risks
Italy’s central bank and securities regulator are collaborating with crypto service providers to enhance safeguards against financial and cybersecurity risks. Governor Fabio Panetta highlighted the need for regulatory coherence amid global scrutiny, particularly contrasting Europe’s MiCA with the US’s case-by-case approach. He warned that regulatory divergences could undermine the financial system’s integrity and emphasized the importance of managing risks associated with big tech’s potential entry into the crypto space.
read morePopcat Cryptocurrency Price Predictions and Market Trends for 2025
Popcat (POPCAT), a new cryptocurrency inspired by a popular meme, has gained traction since its launch, driven by community engagement and social media campaigns. Price predictions for 2025 range from $0.3-$1.55, depending on market conditions and ecosystem developments, including gaming and NFT initiatives. However, risks such as regulatory scrutiny and competition from other memecoins could impact its future performance.
read moreGuide to Buying and Selling Memecoins on ApeChain
ApeChain is a decentralized platform designed for the discovery, trading, and community engagement of memecoins, offering a user-friendly environment for developers and investors. Users can set up wallets, trade tokens on DEXs, and engage with the community while prioritizing safety and thorough research. The platform integrates ApeCoin (APE) to enhance scalability and reduce transaction fees, fostering a vibrant ecosystem around blockchain technologies and memecoins.
read moreItaly Revises Crypto Tax Increase to 28 Percent from Proposed 42 Percent
Italy’s government plans to increase the capital gains tax on cryptocurrencies to 28%, a reduction from the initially proposed 42%. This adjustment, defended by Minister Giancarlo Giorgetti, comes amid a surge in cryptocurrency prices following favorable U.S. election outcomes. The tax hike is still pending approval from lawmakers, with some expressing concerns about its potential counterproductive effects.
read more