The governor of the Bank of Italy claims that the digital euro is essential to ensure compliance with stablecoins
The official from the Bank of Italy has stated that the crypto stability of Europe depends on a central bank digital currency (CBDC) and not just on the MiCA regulations.
Fabio Panetta shared his comments as part of the Bank of Italy's annual report, distributed on May 30, 2025, reinforcing his opinion that the existing regulatory framework of the European Union, the Markets in Crypto-Assets Regulation (MiCA), is not sufficient to address the growing risks of cryptocurrency adoption.
