Trump’s Crypto Push Could Raise Global Risks, Bank of Italy Says

Cryptoassets could pose a stability risk to financial markets if the US push to embrace them ends up fostering systemic significance, according to the Bank of Italy.

The central bank in Rome identified such potential dangers in a half-yearly assessment published on Tuesday that also observed a general increase in global vulnerabilities since Donald Trump’s election to the White House.

“The strong growth of Bitcoin and of other cryptoassets with high price volatility means risks not only for investors but also potentially for financial stability, given the growing interconnections between the digital asset ecosystem, the traditional financial sector and ...