Italy's central bank releases crypto research report, will push for regulation of crypto intermediaries

The Central Bank of Italy released an encryption research report "Making it through the (crypto) winter: facts, figures and policy issues", which studied the macro events that have occurred since the downturn in the encrypted economy such as Terra/FTX, and stated that the aftermath of the encrypted winter provides "policy intervention." clearer grounds”, but “not all cryptographic activities and all forms of cryptoassets need or should be regulated by the financial sector, especially where their issuance, trading and holding cannot meet the financial needs of customers through payment or investment functions In addition, it is pushing for the regulation of crypto intermediaries to ensure standards of financial conduct.