The Governor of the Central Bank of Italy, Fabio Panetta, announced that the bank, together with the securities regulator, is in talks with crypto service providers to ensure adequate protection against financial and cyber threats. At the 31st Assiom Forex Congress, which took place on February 15, Panetta raised important issues regarding crypto assets, digital finance, and related cyber risks in the context of global and European regulation.

Fabio Panetta noted that although Europe has already adopted MiCA to protect investors, the US continues to regulate cryptocurrencies on a case-by-case basis, depending on the classification of assets as securities. Panetta pointed out the differences in approaches between Europe and the US, emphasizing that President Trump’s executive order on digital financial technologies, issued on January 23, demonstrates a desire to integrate crypto assets into the financial system.

With the global growth of digital assets, a single regulatory standard is becoming critical to ensure transparency and consumer protection. The Italian regulator has called for a dialogue between the US and European authorities to develop harmonized rules that will promote the sustainable development of the crypto market. In turn, this could strengthen investor confidence and provide a more predictable environment for businesses.

The initiative is part of a broader effort to harmonize cryptocurrency regulation globally, which is already being discussed in international forums. Experts believe that harmonized standards will not only help protect users, but also stimulate innovation, attracting new investment in the digital asset sector.