On February 17, according to Cointelegraph, the Bank of Italy and the securities regulator are in discussions with crypto service providers to ensure adequate safeguards are in place to deal with financial and cyber security risks. Fabio Panetta, the governor of the Bank of Italy, discussed key issues such as cyber security risks related to crypto assets, digital finance, and global and European regulation at the 31st AssiomForex Congress on February 15.
According to a Bitcoin Magazine article on the X platform, the Bank of Italy has designated bitcoin P2P services as "crime as a service" because of their suspected use for money laundering.
The Bank of Italy has said that regulatory instability and increased taxes on cryptocurrencies could lead operators to conceal their activities.
The Bank of Italy has said that regulatory instability and increased taxes on cryptocurrencies could lead operators to conceal their activities.
The Bank of Italy has said that regulatory instability and increased taxes on cryptocurrencies could lead operators to conceal their activities.
The governor of the Bank of Italy, Fabio Panetta, said the central bank would publish guidelines "in the coming days" on how to apply the European Union's upcoming cryptocurrency rules. According to Panetta's speech to the Italian Banking Association, the guidelines will "aim to promote the effective application" of the European Union's Crypto Asset Market Regulation (MiCA) and "protect" the holders of some cryptocurrencies. The MiCA outlines two broad categories of tokens, Asset Reference Token...
ECB Executive Panetta: The Bank of Italy will issue a market notification in the coming days on how to implement the upcoming European Union crypto asset regulation "MICAR". "MICAR" defines both electronic money tokens (EMTs) and asset reference tokens (ARTs) as means of payment and exchange.