Bank of Italy Flags Crypto’s Systemic Risks Amid Trump-Led US Adoption Wave
The Bank of Italy’s latest financial stability report underscores growing vulnerabilities as cryptocurrencies, now a $2.75 trillion market, become increasingly intertwined with traditional finance. While not novel, these warnings gain urgency as institutional adoption accelerates.
Intesa Sanpaolo and other Italian banks now cautiously embrace crypto services, contrasting with their central bank’s stance. Meanwhile, Donald Trump’s pro-crypto campaign rhetoric has galvanized corporate adoption stateside, creating regulatory divergence across Atlantic markets.