Italy launches in-depth review of cryptocurrency risks to address regulatory fragmentation challenges

Mars Finance News: The Italian Ministry of Economy has announced the launch of an “in-depth review” of the current risk prevention and control mechanisms related to cryptocurrency investments, aiming to assess whether the safeguards for retail investors in direct or indirect investments in crypto assets are adequate. This decision was made by the Macroprudential Policy Committee, which is composed of the Bank of Italy, the market regulator Consob, insurance and pension regulators, and the Ministry of Finance. Regulators have warned that as crypto assets become increasingly interconnected with the traditional financial system and the issue of fragmented international regulation intensifies, potential risks may further increase. Currently, Italy’s overall economic and financial situation remains stable, but it faces a high degree of global uncertainty.