The Bank of Italy is preparing to implement the European Union’s MiCA regulation, which aims to preserve the smooth functioning of the payment system. In the next few days, the Bank will release guidelines for the regulation. The MiCA regulation identifies electronic money tokens (EMTs) and asset-reference tokens (ARTs) as viable payment methods. EMTs are linked to a single official currency, while ARTs depend on one or more underlying assets. By implementing MiCA, Italy aims to create a regulated and secure environment for crypto transactions.

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