Bank of Italy to publish crypto asset guidelines, governor says

ROME, July 9 (Reuters) – The Bank of Italy will publish guidelines in the coming days on how to apply upcoming European Union rules on crypto assets with a view to preserving the regular functioning of the payment system, Governor Fabio Panetta said on Tuesday.

In the text of a speech delivered to the Italian Banking Association (ABI), Panetta said the EU regulation, dubbed Market in Crypto Asset Regulation (MiCAR), considered that electronic money tokens (EMTs) and asset-reference tokens (ARTs) met requirements to be used as means of payment.