Bank of Italy/Consob joint communication of 6 March 2025

The Bank of Italy and Consob have adopted a joint Communication on the accounting of crypto-assets in financial statements, on the relative transparency towards the financial market and on the audits by the auditors.

The Communication is addressed to companies with shares listed on the Stock Exchange or traded on multilateral trading platforms (issuers), audit firms and statutory auditors.

Without introducing new obligations, the Bank of Italy and Consob highlight to issuers the importance of providing useful disclosures to the market in their financial statements to understand the effects of crypto-assets on financial performance and financial position, in light of the exposure and risk associated with positions held directly or indirectly.