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.
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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.
about Italy Enhances Crypto Regulations Amid Global Financial and Cybersecurity Risks