Bank of Italy to Issue New Guidelines for Crypto Regulation in Preparation for MiCA

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Bank of Italy to Issue New Guidelines for Crypto Regulation in Preparation for MiCA

The Bank of Italy is gearing up to introduce regional guidelines that align with the European Union’s Markets in Crypto-Assets (MiCA) regulation, which aims to establish a comprehensive regulatory framework for the digital asset sector within the EU.

According to a Reuters report, Governor Fabio Panetta announced that the Italian central bank will publish these guidelines in the coming days during his speech to the Italian Banking Association (ABI) on Tuesday.

Preserving Payment System Integrity

The rules will focus on how to apply the upcoming EU’s landmark crypto regulatory framework on digital assets while preserving the regular functioning of the country’s payment system.

Panetta highlighted the importance of ensuring that payment systems remain reliable and trustworthy under the new regulatory framework. According to him, the guidelines will provide clarity and direction on implementing MiCA’s provisions, ensuring a smooth transition for the Italian crypto market.

The upcoming MiCA law recognizes Electronic Money Tokens (EMTs) and Asset-refere...


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Bank of Italy to Issue New Guidelines for Crypto Regulation in Preparation for MiCA