According to Foresight News, according to Cointelegraph, Fabio Panetta, the 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 Panetta's speech at the Italian Banking Association, these guidelines will "aim to promote the effective application" of the EU's Crypto Asset Market Regulation (MiCA) and "protect" some cryptocurrency holders. MiCA outlines two major categories of tokens, asset reference tokens (ARTs) and electronic money tokens (EMTs), which meet the requirements for payment. However, he pointed out that the Bank of Italy found that only EMT can "fully play the role of a means of payment while maintaining public trust."