The CryptoAsset Lab Conference is a joint research initiative by the Department of Management and Law, Università di Milano-Bicocca, the Digital Gold Institute, and the JRC-European Commission.
This conference brings together an international group of researchers, practitioners, and policymakers to discuss the latest advances, challenges, and opportunities in crypto-assets and Central Bank Digital Currencies (CBDCs).
The conference focuses on bitcoin, crypto-asset, and CBDC, with a special interest in liquidity management, investment, banking, finance, financial services, monetary theory, and regulation.
PhD Morning Session
10:15 Institutional greetings
Giovanni Denaro
Università degli Studi di Milano-Bicocca
10:30 PhD papers presentations
12:00 Session end
Afternoon
13:30 Registration
14:00 Institutional greetings
Camilla Buzzacchi
Università degli Studi di Milano-Bicocca
Paola Bongini
Università degli Studi di Milano-Bicocca & CAL
14:15 Keynote speech: Decentralized Markets and Self-Regulation
Yuliya Guseva
Rutgers Law School
15:00 Exploring Stability, Safety, and Dynamics in the Crypto Ecosystem
1. Spillover Effects of Tether Depegs on Bitcoin Jumps and Market Cojumps (B. Perez Riaza, J. Gnabo)
2. Crypto news and policy innovations: Are European markets affected? (L. Barbaglia, M. Bellia, F. Di Girolamo, C. Rho)
3. Avoiding Lemons in Initial Coin Offerings: A Machine Learning Approach to Fraud Detection (L. Farè, M. Meoli, C. Tomasoni)
4. A Method for Uncovering Tokenisation Archetypes and their Effects: Thus Spoke Switzerland (A. Plepi, P. Schwendner)
16:30 Networking coffee break
17:00 Designing a governance for a decentralized token economy: project update
Riccardo de Caria
Università degli Studi di Torino & DeTOKoDE Project (Principal Investigator)
Andrea Piletta Massaro
Università degli Studi di Torino & DeTOKoDE Project
Luca Bellardini
Università degli Studi di Milano-Bicocca & DeTOKoDE Project
17:30 Investing, Valuation, and Governance in the Evolving Crypto Landscape
1. From Crypto to NFTs: Identifying the New Wave of Digital Investors (S. Balietti; C. Celebi, D. Tercero-Lucas)
2. On Bubbles in Cryptocurrencies Prices (M. R. C. van Oordt)
3. Dynamic Fundamentals Weighting: A Quantitative Model for structuring a Portfolio of productive Crypto Assets (G. Linguanti, M. Grassi, S. L. Furnari)
4. Regulation of Financial Protocol DAOs. Addressing the Problems of Decentralization and AI Governance (S. L. Furnari, C. Villani)
19:00 Day 1 conclusions
Ferdinando Ametrano
DGI & Università degli Studi di Milano-Bicocca
19:30 Networking dinner
9:30 CAL 2025 Report presentation
Ferdinando Ametrano
DGI & Università degli Studi di Milano-Bicocca
Alessia Pedrazzoli
Università degli Studi di Milano-Bicocca & CAL
Francesca Mattassoglio
Università degli Studi di Milano-Bicocca & CAL
10:30 Industry round table
Moderator: Simone CorteseUCL Centre for Blockchain Technologies & University of West London
Filippo Annunziata, Università Luigi Bocconi
Mico Curatolo, Banca Sella
Chiara Padua, Fintech district
Blake Heiman, Wisdom Tree
Daniele Bernardi, Diaman Partners
Niccolò Bardoscia, Intesa Sanpaolo
11:45 Networking coffee break
12:15 Keynote speech: Digital Euro
Piero CipolloneEuropean Central Bank
13:00 Networking light lunch
14:15 Keynote speech: Crypto investors’ financial literacy
Pasquale MunafòConsob, IOSCO
15:00 Central Bank Digital Currencies and Stablecoins: Insights, Innovations, and Regulatory Perspectives
1. Regulating Stablecoins: Lessons from Japan (M. Kening)
2. Transactional and network analysis of CBDCs: Evidence from Thailand’s retail CBDC pilot (N. Behnsook, T. Rattanakul, W. Synsatayaku, P. Tohwisessuk)
3. Interest-bearing Central Bank Digital Currency and Banking Redux (A. Rahman)
4. Demand for Safety in the Crypto Ecosystem (M. Campello, A. Gallo, T. Terracciano)
16:30 Concluding Remarks
Paola Bongini
Università degli Studi di Milano-Bicocca & CAL
Ferdinando Ametrano
DGI & Università degli Studi di Milano-Bicocca
16:45 Session end