The Italian Ministry of Economy has commenced an in-depth review of risk control mechanisms related to cryptocurrency investments. This initiative, announced on December 5th, aims to evaluate the adequacy of protections for retail investors engaging with crypto assets. The review is spearheaded by the Macroprudential Policy Committee, which includes the Bank of Italy, Consob, the insurance and pension regulator, and the Ministry of Finance. Regulators have expressed concerns that the risks associated with crypto assets may escalate as these assets become more integrated with the traditional financial system amidst growing international regulatory fragmentation. Despite Italy's stable economic and financial conditions, the country is navigating significant global uncertainties.