The Bank of Italy is urging for stricter regulation of stablecoins, stating that they have not proven to be stable. The bank is calling for a robust regulatory framework to prevent a potential “run” on stablecoins. They also emphasized the need for synchronization between policy interventions on stablecoins and decentralized finance (DeFi) to reduce the fragility of the DeFi ecosystem.
– Bank of Italy is calling for closer regulatory scrutiny of stablecoins, citing their instability.
– They are urging for a robust regulatory framework to prevent a potential “run” on stablecoins.
– The bank emphasizes the need for synchronization between policy interventions on stablecoins and DeFi to reduce fragility in the ecosystem.
