PANews reported on December 5 that the Italian Ministry of Economy announced it has launched an "in-depth review" of existing risk control mechanisms related to cryptocurrency investment, aiming to assess whether the safeguards for retail investors in the process of directly or indirectly investing in crypto assets are adequate.

Minutes from a meeting of the Italian Macroprudential Committee, comprised of the Bank of Italy, the market regulator Consob, the insurance and pension regulator, and the Ministry of Finance, indicate that the committee warns of potentially rising risks associated with crypto assets due to increased linkages with the traditional financial system and fragmented international regulation. The Ministry of Finance has initiated an assessment of existing safeguards for retail investors' participation in crypto assets (directly or indirectly) and is working to improve relevant regulatory adaptation and analytical frameworks.