🚨🚨Now Banks 🏦 Italy are starting to support Digital Assets. 🧐🧐

The Bank of Italy will issue guidelines that will facilitate the integration of the European Union's new regulations on crypto assets.

According to Governor Fabio Panetta in his speech at the Italian Banking Association. These guidelines aim to support stable payment system operations amidst the development of the digital financial landscape.

Panetta revealed that the upcoming EU regulations, known as the Crypto Asset Market Regulation (MiCA), will include provisions for electronic money tokens (EMT) and asset reference tokens (ART). This token is designed to meet the strict requirements necessary to be used as a payment method.

EMT is specifically linked to the value of a single official currency, thereby increasing its stability and trustworthiness.

Panetta emphasized the important role of EMT, stating that EMT is the most viable digital instrument to maintain people's trust in payments. These can be issued by banks or electronic money institutions, ensuring a safe and regulated approach to digital currency transactions.

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