Be careful, danger! The Bank of Italy expressed its concerns concerning Risks linked to Bitcoin and Cryptomonnaies in his latest report on financial stability. It warns against price volatility and the growing adoption of digital assets by non -financial companies. The bank also highlights the potential risks associated with stablecoins and their dependence on US state obligations.
- The Bank of Italy expressed its concerns about the risks that cryptocurrencies, in particular Bitcoin, represent for financial stability.
- She warned of price volatility and the growing adoption of cryptocurrencies by non -financial companies, which could affect their stability.
Bitcoin and crypto are risks for financial stability
In his reportthere Bank of Italy therefore highlights the volatility of cryptocurrencies as a major risk for investors and for financial stability. She stresses that the rapid growth of Bitcoin and other cryptocurrencies could have repercussions throughout the financial system, due to increasing interconnections between the digital asset ecosystem, the traditional financial sector and the real economy.
The bank worries also of the growing adoption of cryptocurrencies by non -financial companies. She notes that these companies are exposed to marked prices volatility, which could have negative consequences on their financial stability.
The banking institution also warns against the trend of companies to consider Bitcoin As a way to support the course of their actions, which could expose them, again, to significant risks.
Stablecoins: a potential systemic risk
There Bank of Italy Then expresses his concerns concerning stableespecially those backed by US dollar. She emphasizes that if these stablecoins became systemicthey could introduce broader financial vulnerabilities.
Increased dependence on US state bonds To support these assets could cause disturbances in the global financial system. The report of the Bank of Italy intervenes in a context where the Italian Minister of Economy and Finance, Giancarlo Giorgettirecently warned against the attraction of stablecoins indexed to the greenback.
He stressed that US stablecoins were more dangerous than the customs tariffs imposed by the president Donald Trump. The Italian Bank finally calls for increased regulation of cryptocurrencies To alleviate all of these risks. It highlights the need to implement measures to protection For investors and closely monitor the adoption of cryptocurrencies by non -financial companies.
The bank therefore recommends strengthening stablecoins monitoring and reducing dependence on US state obligations to support these assets. And to get there, one of the solutions put forward by the Minister to strengthen continental sovereignty, is the rapid development of the digital euro! All that for that.