Intesa

The Central Bank of Italy has unexpectedly published a report warning of the risk of the global financial system being 'eroded' by cryptocurrencies – amid Mr. Trump's gradual 'embrace' of crypto.

Compounding concerns: Crypto – Trump – System tensions

In the latest Financial Stability Report, the Bank of Italy (Banca d'Italia) not only warns of the classic scenario: 'crypto too volatile, threatening the financial system'... but also calls out President Trump specifically: