Digital Euro Key for Stablecoin Compliance, Says Italian Central Bank Governor

Fabio Panetta, the Governor of the Bank of Italy and former European Central Bank (ECB) official, emphasizes that Europe’s crypto stability relies heavily on a central bank digital currency (CBDC), not just the MiCA regulations. His assertion was made in the Bank of Italy’s annual report released on May 30, 2025, where he argued that existing regulations like MiCA are insufficient to address the growing risks associated with cryptocurrency adoption.