Italy Prepares to Issue Guidelines on Implementing EU Crypto Regulation

Quick Summary:

Italy’s central bank will soon release guidelines on implementing the European Union’s Markets in Crypto Assets Regulation (MiCA) Regulation to ensure the payment system’s regular functioning, Bank of Italy Governor Fabio Panetta revealed on Tuesday.

Panetta emphasized that EMTs, which can be issued by banks or electronic money institutions, are the only instruments capable of serving as means of payment while fully preserving public trust.

EMTs have values tied to a single official currency, while ARTs’ values depend on one or more underlying assets.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaItaly

Topics: Implementing Issue News Guidelines Latest News EU Crypto Regulation.

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 16:26:49 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 111 words

Reading Time: 1 minutes read

Sentences: 11 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21576350

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