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Digital Euro, Not MiCA, Key to Managing Crypto Risks: Bank of Italy Chief

Summary by Cointelegraph
The digital euro is the EU’s response to systemic risks from crypto adoption since rules like MiCA are not enough to address them, the Bank of Italy’s governor said.

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For the Governor of Banca d'Italia the bans are not enough. Then it gives the alarm on the cost of energy and duties: at risk a point of growth.Dazi, cryptocurrencies, cost of energy, importance of Pnr. They are just some of the arguments that the number one of the Bank of Italy, Fabio Panetta, cited at the...

Panetta believes that only a central digital currency can counter the risks of foreign platforms.The details here! Read more A governor tackles the MiCA and revives the debate on the digital euro appeared first on Cointribune.

The digital euro is key against crypto-risks! In the era of cryptocurrencies, financial stability is a growing concern. The Bank of Italy stresses that the digital euro could be the ultimate tool for managing crypto-risks, surpassing even the regulation proposed by MiCA in Europe. According to Fabio Panetta, member of the Executive Board of the European Central Bank, the digital euro will play a crucial role in protecting the European financial …

Key points of the news: The Bank of Italy once again insists on the digital euro as an excuse to control cryptocurrencies and weaken individual financial freedom in Europe. MiCA has failed to stop the free adoption of cryptoactives, but regulators insist on imposing a programmable and monitored state digital currency. Instead of demanding fewer obstacles and more competition, European central banks are preparing a CBDC that will concentrate powe…

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Cointelegraph broke the news in on Friday, May 30, 2025.
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