Central Bank of Italy qualifies Bitcoin and the stablecoin as risky assets

The strong growth of Bitcoin, as well as the links between cryptocurrencies and the traditional financial system concern the Italian authorities, who warn about certain risks to economies.

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• He Bank of Italy warns that crypto volatility represents risks to financial stability.
• Criticize the business adoption of Bitcoin as a stock marketing strategy.
• They indicate systemic vulnerabilities linked to the use of bonds of the Treasure of the US by Stablecoins.

He Bank of Italy today published his Financial stability report corresponding to the first half of the year. In the document, the entity underlines the growing risks they represent Bitcoin and other cryptoactives, both for investors and for the stability of the financial system as a whole.

According to the report, the rise of digital assets of high volatility as Bitcoin It generates a series of challenges that transcend the scope of personal investments. The concern focuses on the increasingly deep connections between the cryptoactive ecosystem, the traditional financial sector and the real economy.

Worrying links between cryptocurrencies and the traditional economy

The report emphasizes that the growing interaction between digital finances and conventional markets could amplify the effects of possible financial clashes. “The strong growth of Bitcoin and other cryptoactives with high price volatility represents risks not only for investors, but also for financial stability, given the growing interconnections with the real economy”warns the Bank of Italy.

One of the phenomena that more concerns the Italian monetary authority is the acquisition of Bitcoin by non -financial companies. The practice, initiated by the company Strategy (previously known as Microstrategy) In August 2020, it has spread to other firms such as Metaplenet, Semler Scientific and Gamestop.

The bank considers that these acquisitions are motivated by the belief that the Bitcoin It can boost actions prices, but warns that such exposure could lead to significant losses due to the extreme volatility of this type of assets.

Stablecoins: a potentially systemic risk

The report also dedicates an important section to the stablecoins linked to the US dollar. Although these instruments seek to offer price stability, the Bank of Italy He maintains that they could introduce new vulnerabilities in the global financial system.

The institution highlights the growing use of bonds of the Treasure of the US as support for these stable currencies. In the opinion of the Central Bank, any fluctuation in the value of the bonds or the stablecoins themselves could have “Repercussions on other parts of the global financial system.”

This analysis is aligned with recent statements by the Minister of Economy and Finance of Italy, Giancarlo Giorgetti, who days before had expressed concern about the progress of the stablecoins in the European context. It also qualified American politics regarding these instruments such as “More dangerous than the tariffs imposed by President Donald Trump.”

Regulatory challenges

The warnings of Bank of Italy They add to a growing choir of voices within the European Union that advocate a stricter regulation on cryptoactive and stablecoins. Although the region has advanced with the Mica Law (Markets in Crypto Assets)there are still doubts about how to harmonize national policies and the common approach to the influence of digital assets supported by foreign currencies.

In this context, the Italian Bank’s report can also be interpreted as a call to strengthen coordination between European central banks and regulatory bodies, in order to anticipate and mitigate possible financial crises derived from exposure to the crypto world.

The central concern does not revolve only around the institutional or retail adoption of these assets, but to the potential domino effect that could be generated if cryptocurrency markets collapse or if stable currencies lose their anchor.

The report emphasizes that, without adequate supervision, digital innovations in the financial sector could alter the long -term balance of the system, generating risks that have not yet been fully quantified.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

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WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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