Bank of Italy: Cryptocurrency growth poses risks to investors and financial stability

PANews reports on April 30th that according to Cointelegraph, the Bank of Italy noted in its "Financial Stability Report": "The strong growth of Bitcoin and other highly volatile crypto assets not only means risks for investors, but also potentially threatens financial stability due to the increasingly strong connections between the digital asset ecosystem and the traditional financial sector and real economy." The report also pointed out that non-financial companies holding Bitcoin "expose them to significant price volatility" and warned that stablecoins pegged to the US dollar could pose risks "if they become systemically important".