Italy's central bank and securities regulator are engaging with cryptocurrency firms to enhance regulatory safeguards amid increasing policy differences between the EU and the US. Bank of Italy Governor Fabio Panetta stated that discussions are ongoing with operators interested in providing services related to crypto assets. He emphasized the necessity for these entities to implement adequate safeguards against risks, including money laundering and the evasion of international sanctions. Concurrently, the European Securities and Markets Authority (ESMA) has initiated a consultation to establish standards for crypto advisors across Europe. ESMA has proposed guidelines under the Markets in Crypto-Assets (MiCA) framework to assess the knowledge and competence requirements for staff at crypto asset service providers, aiming to create uniform standards for those offering crypto advice.