CoinVoice has recently learned that according to Cointelegraph, Fabio Panetta, Governor of the Bank of Italy, said that the Bank of Italy will publish guidelines on how to apply the EU's upcoming cryptocurrency rules in the next few days.
According to a transcript of Panetta’s speech to the Italian Banking Association, the guidelines will “aim to promote the effective application” of the EU’s Markets in Crypto-Assets Regulation (MiCA) and “protect” holders of some cryptocurrencies. MiCA outlines two broad categories of tokens, asset-referenced tokens (ARTs) and electronic money tokens (EMTs), that qualify for payment use.
However, he noted that the Bank of Italy found that only EMT could "fully function as a means of payment while maintaining public trust." [Original link]