Italy Begins In-Depth Review of Cryptocurrency Risks
Italy’s Economy Ministry has instructed the Bank of Italy and other financial regulators to conduct a thorough review of existing safeguards against cryptocurrency-related risks, officials said Thursday. The assessment will examine consumer protections, market integrity, anti-money laundering controls and potential systemic vulnerabilities as digital-asset usage and complex products expand.
While the review stops short of announcing concrete measures or a timeline, it could lead to tighter oversight—ranging from stronger custody and reporting rules to closer scrutiny of stablecoins and decentralized finance. The initiative places Italy in step with broader international efforts to tighten crypto frameworks and matters to exchanges, payment providers and retail investors who may face new compliance requirements or changes in market access depending on the review’s findings.