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The Bank of Italy, under the leadership of Governor Fabio Panetta, is set to issue new guidelines for implementing the European Union's Markets in Crypto-Assets (MiCA) regulations. These guidelines will focus on bank-issued electronic money tokens to stabilize the payment system. On July 9 and July 10, Governor Panetta has been vocal in his criticism of Bitcoin and Ethereum, describing them as 'unbacked' and akin to a 'gamble,' asserting that they lack intrinsic value and are often used to evade taxes and regulations. The upcoming guidelines aim to provide effective regulation and protection for cryptocurrency holders.
Italy's central bank will soon issue guidelines for implementing the EU's MiCA crypto laws, aiming to ensure effective regulation and protection for cryptocurrency holders, says Governor Fabio Panetta. #MiCA #EU #cryptoregulation https://t.co/s8y3yiQFVH
🎙️ Did you hear the latest from Italy’s central bank? 🇮🇹 Bank of Italy governor shakes up the crypto world, slamming #Bitcoin and #Ethereum as “unbacked” and “akin to a gamble.” https://t.co/GLR14DjByj
ITALY’S CENTRAL BANK PREPARES FOR MiCA GUIDELINES Italy's central bank is gearing up to share how the country will apply the EU's MiCA crypto laws, with Governor Fabio Panetta dissing Bitcoin and Ethereum as "unbacked" and calling them a "gamble." He claims these cryptos lack… https://t.co/TKiT9LK0N0