Bank

2024

Coin

<ul class="news-points">
 <li><strong>European Union’s MiCAR regulation identifies EMTs and ARTs as suitable for payment use.</strong></li>
 <li><strong>Bank of Italy prioritizes stablecoins linked to official currencies (EMTs). </strong></li>
 <li><strong>Governor Panetta advocates for gradual easing of monetary policy.</strong></li>
</ul>
<p>The Bank of Italy is preparing guidelines to align with the European Union’s upcoming regulations for crypto assets, as <a href="https://www.reuters.com/markets/currencies/bank-italy-publish-crypto-asset-guidelines-governor-says-2024-07-09/" target="_blank" rel="noopener noreferrer nofollow">reported by Reuters</a>. Governor Fabio Panetta made the announcement during the Italian Banking Association (ABI) meeting, emphasizing the goal of safeguarding the stability of the payment system.</p>
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   <p lang="en" dir="ltr">Bank of Italy to publish crypto asset guidelines, governor says <a href="https://t.co/nnDCbHgSC0" target="_blank" rel="noopener noreferrer nofollow">https://t.co/nnDCbHgSC0</a> <a href="https://t.co/QOWewZLtoe" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/QOWewZLtoe</a></p>— Reuters (@Reuters) <a href="https://twitter.com/Reuters/status/1810602331945287941?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 9, 2024</a>
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<p>Panetta highlighted that the EU’s Market in Crypto Asset Regulation (MiCAR) identifies electronic money tokens (EMTs) and asset-referenced tokens (ARTs) as suitable for payment use. EMTs are linked to the value of a specific official currency, while ARTs derive their value from one or more underlying assets. Panetta stated:</p>
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 <p>Our assessment is that the only instruments that can serve as means of payment while fully preserving the public’s trust are EMTs, electronic money …</p>
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<p>The post <a href="https://coinedition.com/bank-of-italy-to-release-new-crypto-asset-guidelines-amid-eu-regulatory-changes/" rel="noopener noreferrer nofollow">Bank of Italy to Release New Crypto Asset Guidelines Amid EU Regulatory Changes</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bank of Italy to Release New Crypto Asset Guidelines Amid EU Regulatory Changes

Coin Edition

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