<ul><li>The Bank of Italy has expressed concern over the increasing integration of digital assets, such as cryptocurrencies, with conventional financial systems.</li><li>As crypto becomes more connected to mainstream finance, the risk of broader market instability rises.</li><li>Italy highlights the specific risk of stablecoins relying on short-term U.S. government bonds as potential causes for concern.</li><li>European Central Bank officials, as well as figures from France and Finland, have cautioned against the normalization of crypto assets.</li></ul>

Italy Sounds Alarm on Crypto’s Growing Connection to Traditional Finance

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