Bank of Italy just warned against $280B stablecoin market - here's what it means for your crypto holdings

The Bank of Italy just threw the equivalent of a regulatory curveball at the $280 billion stablecoin market, and it's not exactly what crypto enthusiasts wanted to hear on a Friday. Chiara Scotti, the central bank's vice director, stood up at the Economics of Payments Conference in Rome yesterday and basically said "we need to talk" to the entire stablecoin industry.

Here's the deal: Italy wants multi-issuance stablecoins restricted to jurisdictions with proper regulatory frameworks. Think of it like requiring a driver's license before someone can operate a financial vehicle that could potent...