Fabio Panetta, the Governor of the Bank of Italy, emphasizes the importance of a digital euro to ensure compliance with stablecoins and enhance financial stability in the EU. MiCA has proven ineffective in fully protecting EU citizens from risks posed by foreign crypto platforms.
Panetta warns that banks face reputational risks when engaging with cryptocurrencies without proper safeguards. He stresses the necessity for international regulatory cooperation to mitigate financial risks associated with digital assets.
Leave a Reply