"The review will focus on safeguards for both direct and indirect investments in crypto-assets by retail investors, regulators added. The decision came during a meeting of the Committee for Macroprudential Policies. The committee includes the heads of the Bank of Italy, market watchdog Consob, insurance and pension regulators, and the Treasury's director general, according to Reuters reporting. Committee members warned that risks from crypto-assets could rise. Growing connections between crypto and the wider financial system, along with inconsistent international regulations, could heighten vulnerabilities, they said."
"The committee said Italy's economic and financial conditions remain generally stable. At the same time, global uncertainty continues to pose challenges for financial stability. The review will examine how existing rules protect investors and the financial system. Officials said they aim to identify gaps and recommend measures to strengthen safeguards, per Reuters. Italy has increasingly monitored digital assets in recent years. Authorities have raised concerns over investor protection, market integrity, and potential spillovers into the broader financial system."
Italy's Economy Ministry ordered a detailed review of protections against crypto risks, focusing on safeguards for direct and indirect retail investments. The review occurred during a Committee for Macroprudential Policies meeting that included senior regulators and the Treasury's director general. Committee members warned risks from crypto-assets could rise as growing connections between crypto and the wider financial system and inconsistent international regulations heighten vulnerabilities. The committee said economic and financial conditions remain generally stable while global uncertainty poses challenges. The review will examine rules, identify gaps, and recommend measures to strengthen investor and system safeguards. Authorities previously proposed, then withdrew, a steep crypto tax hike after industry criticism.
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