The Bank of Italy warns that the rapid growth of Bitcoin and other digital assets is increasing risks to both investors and financial stability. Its April 2025 Financial Stability Report highlights concerns over extreme price volatility, rising exposure among non-financial firms, and systemic threats from USD-pegged stablecoins. Italy’s Minister of Economy also claimed U.S. stablecoins are more dangerous than Trump’s tariffs.

📄 Source: https://www.bancaditalia.it/pubblicazioni/rapporto-stabilita/2025-1/en_FSR_1_2025.pdf?language_id=1