In a research report, the Bank of Italy also emphasized the need to balance regulation and innovation. The report stated that the consequences of the cryptocurrency winter provide clearer reasons for policy intervention. Not all encrypted activities and all forms of encrypted assets need to be covered or should be covered. Are regulated by the financial sector, especially when their issuance, trading and holding do not meet the financial needs of customers through payment or investment functions. Bank officials say decentralization is indeed elusive, often a fantasy but sometimes a reality, and could become a replacement for long-standing forms of entrepreneurship. Indeed, stablecoins, which are sometimes described as effective alternatives in the cross-border payments market, have not proven to be stable.
We have also observed that these assets are increasingly behaving like traditional assets from a market perspective.
We have also observed that these assets are increasingly behaving like traditional assets from a market perspective.