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Bank of Italy chief says banks, not stablecoins, anchor digital money
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Why This Matters
The Bank of Italy's chief, Fabio Panetta, stated that stablecoins can only complement the monetary system and their stability relies on fiat currency pegs, emphasizing the importance of traditional banks in anchoring digital money.
Market Impact
Market impact analysis based on bearish sentiment with 90% confidence.
Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The Bank of Italy's Fabio Panetta said stablecoins can only play a complementary role in the monetary system, arguing that their stability depends on fiat currency pegs.
Original article published by
CoinTelegraph
on January 21, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.