The Bank of Italy warns that the rapid development of Bitcoin and other cryptocurrencies is exacerbating risks for investors and the financial system. In the financial stability report of April 2025, the bank pointed out severe price volatility, non-financial companies' involvement in cryptocurrencies, and the systemic threat of dollar stablecoins. The Minister of Economy even stated that the risks of American stablecoins exceed those of Trump's tariffs.

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