ECB's Panetta warns crypto losses can harm confidence in banks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2025
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Should l Buy ?
Source: Reuters
Concerns about Crypto-Assets: Fabio Panetta, Governor of the Bank of Italy, emphasized the need for banks to monitor reputational risks associated with crypto-asset services, warning that losses could undermine customer trust and confidence in the traditional banking system.
Regulatory Challenges and Digital Euro: Panetta highlighted the potential threats posed by stablecoins to traditional payment systems and argued for a regulatory response that aligns with technological advancements, noting that the European Central Bank is developing a digital euro to compete with private digital currencies.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
