According to Foresight News, Fabio Panetta, an executive board member of the European Central Bank, has announced that the Bank of Italy will issue a market notice on how to implement the forthcoming European Union crypto asset regulation 'MICAR' in the coming days. The 'MICAR' regulation defines both Electronic Money Tokens (EMT) and Asset Reference Tokens (ART) as means of payment and exchange. This announcement indicates a significant step towards the regulation of cryptocurrencies in the European Union, with Italy leading the way in implementing these new rules.