Bank of Italy urges digital asset investments

A statement by an official at the Bank of Italy urges banks to invest in digital assets despite the prevailing uncertainty, emphasizing the importance of hands-on experience and early initiative to understand blockchain technology, which transforms bank deposits into digital tokens used on blockchain networks. He reiterated that waiting hampers growth opportunities and learning, and that starting with a limited scope, combined with caution and flexibility, can help in adapting to digital technologies and enable banks to fulfill their future role as a source of private currency.

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