The governor of the Bank of Italy, Fabio Panetta, said the central bank would publish guidelines "in the coming days" on how to apply the European Union's upcoming cryptocurrency rules.
According to Panetta's speech to the Italian Banking Association, the guidelines will "aim to promote the effective application" of the European Union's Crypto Asset Market Regulation (MiCA) and "protect" some cryptocurrency holders. The MiCA outlines two broad categories of tokens, asset reference tokens (ARTs) and electronic money tokens (EMTs), that meet the requirements for use in payments.
However, he pointed out that the Bank of Italy found that only EMTs could "fully function as a means of payment while maintaining public trust."
Bank of Italy Governor: The Bank of Italy will publish guidelines on how to apply upcoming European Union cryptocurrency rules in the coming days
2024-07-10 06:18:38
Bank of Italy governor fabio panetta said central bank of Italy coming daysdesk3cryptocurrencydesktopCrypto News
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