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Italy Orders Cross-Regulator Crypto Risk Review Focused on Retail Safeguards

The decision came from a macroprudential panel that brings all top financial regulators to the table.

Overview

  • The Economy Ministry initiated an in-depth examination of how well current rules protect retail investors from crypto-related risks.
  • The review covers both direct holdings and indirect exposure channels such as funds, insurers and pension products.
  • Officials warned that risks could rise due to growing ties between digital-asset markets and the broader financial system alongside fragmented international oversight.
  • Authorities said the exercise will map gaps in existing protections and propose measures to strengthen financial-stability safeguards.
  • Policy context includes a planned rise in the capital-gains tax on digital assets to 33% in 2026, while private efforts like Bitizenship’s BTC Italia program continue to court investors.