Wednesday, September 10, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    Man typing on a laptop computer, focused on his work in a well-lit environment.

    The Coming Flatine Beep of AOL’s Dial Up Service – Are There People Still Using Dial Up?

    ChatGPT

    India’s IT Sector Embraces ChatGPT Alternatives: The Rise of Specialized AI Chatting Tools

    Digital Transformation

    The Role of Drupal in the UK’s Public Sector Digital Transformation

    Looking out from a window at a vibrant UK city street, with vehicles and people navigating the urban landscape.

    Smart Transport: AI Solutions for UK’s Urban Mobility Challenges

    AI Agents

    5 Tips for Using AI Agents in the Best Possible Way

    Windows 11 Safely

    How to Download and Install KMSpico on Windows 11 Safely (Step-by-Step Guide with Alternatives)

    tech

    The Rise of Minimalist Tech: Why Consumers Are Choosing Compact Gadgets

    Revolutionizing

    How Technology Is Revolutionizing the Way We Travel

    Online Casino Game

    The iGaming software provider matters: Is it the best way for online casinos to achieve long-term success?

  • Consumer
    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

  • Finance
    Smartphone displaying a stock chart with fluctuating lines and data points.

    CHIPS Act Shake-Up: How Washington’s Plan Impacts Tech and Industry Stocks

    sifx.com: What’s Behind the Growing Buzz Among Traders?

    sifx.com: What’s Behind the Growing Buzz Among Traders?

    Georgia’s Free Industrial Zones (FIZ): A Strategic Choice for Crypto Businesses?

    Georgia’s Free Industrial Zones (FIZ): A Strategic Choice for Crypto Businesses?

    Senior Citizen in a wheelchair

    How to Support and Manage Your Parents’ Financial Decisions Through Dementia

    Mobile Apps for Managing Finances: What to Choose in 2025

    Mobile Apps for Managing Finances: What to Choose in 2025

    Bank Branch Presence in the UK: Then and Now

    Bank Branch Presence in the UK: Then and Now

    Financial graph illustrating investment performance

    Tradock Explained | What This Trading Platform Offers

    Investment Graph in different device screens

    Quantiumax Reviews: What Makes This Broker the Best Choice Available

    Panoramic view of London's skyline featuring iconic buildings like the Shard and the London Eye against a clear sky

    Can London Still Compete with Silicon Valley and Berlin in Tech Investment?

  • Environment
    Five Ocean Discoveries That Could Change How We See the World

    Five Ocean Discoveries That Could Change How We See the World

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

    Why You Should Hire Waste collectors for efficient waste removal

    Why You Should Hire Waste collectors for efficient waste removal

  • Property
    Furnished Apartments

    London Serviced Apartments: A Growing Trend Among Modern Travellers

    Close-up of Bungalow Houses

    The Key Reasons Park Bungalows Are A Smart Investment

    Discovering the Charlie Oven The Rural Ranges Ltd Approach

    Discovering the Charlie Oven The Rural Ranges Ltd Approach

    Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

    Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

    How to Streamline Your Home Expenses

    How to Streamline Your Home Expenses

    How To Plan Your Home Improvements in Six Easy Steps

    How To Plan Your Home Improvements in Six Easy Steps

    Budgeting for a House Sale: What Most Sellers Forget

    Budgeting for a House Sale: What Most Sellers Forget

    Home and business removals: Streamlining your move

    Home and business removals: Streamlining your move

    Maximizing Your Investments: A Guide to Purchasing Villas for Sale in Dubai 2025

    Maximizing Your Investments: A Guide to Purchasing Villas for Sale in Dubai 2025

  • eCommerce
    Ecommerce Platform

    What Makes a Global Ecommerce Platform User-Friendly

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Personalized Shopping: How Technology is Transforming Retail

    Personalized Shopping: How Technology is Transforming Retail

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

No Result
View All Result
Today News
Home Business

Navigating the Future: Bank of Italy’s Crypto Guidelines Awaited

Kane William by Kane William
November 18, 2024
Reading Time: 4 mins read
Navigating the Future: Bank of Italy’s Crypto Guidelines Awaited
48
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The landscape of cryptocurrencies continues to evolve rapidly, prompting financial authorities worldwide to establish clear regulatory frameworks.

Overview

The Bank of Italy recently announced its intention to release comprehensive cryptocurrency guidelines. On July 9 2024, during a speech to the Italian Banking Association, Fabio Panetta, Bank of Italy Governor, revealed that Italy’s central bank will publish guidelines on how to apply incoming European Union crypto rules. Panetta said, “The guidelines will facilitate an effective application of the EU’s Markets in Crypto-Assets Regulation (MiCA) and protect the holders of some cryptocurrencies.”

Related posts

Vibrant casino room filled with numerous slot machines and colorful lights illuminating the space.

Casino Licenses and What They Mean for Players and Why They Matter

September 9, 2025
464
B2B Payments

Your Gateway to 21st-Century B2B Payments: Get a Free Visa Virtual Card for Effortless Transactions

September 9, 2025
313

Panetta suggested that MiCA outlines two primary categories of tokens — asset-reference tokens (ARTs) and electronic money tokens (EMTs) — as meeting the requirements for payment use. He added, “The Bank of Italy has found only EMTs can fully perform the means of payment function while preserving the public’s trust.” This move comes amidst growing concerns about consumer protection, financial stability, and the integration of digital assets into the traditional banking system. 

Understanding the Need for Guidelines

Cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), have gained significant traction globally, presenting opportunities and challenges for financial markets. Panetta referred to BTC and ETH as unbacked cryptocurrencies, stating they lack intrinsic value and equate to gambling. He noted, “The main objective of crypto investors is to sell their assets at higher prices and may use them to dodge tax rules or the regulations in place to counter money laundering and terrorist financing.” Pancetta added,” Clearly, they do not possess the characteristics that make them suited to perform the three inherent functions of money: a means of payment, store of value, and unit of account.” 

Unlike traditional currencies issued and regulated by central banks, cryptocurrencies operate on decentralised networks, posing unique regulatory dilemmas. The absence of a central authority and the pseudonymous nature of transactions have raised concerns about illicit activities like money laundering and fraud. Moreover, the volatile nature of crypto prices has sparked fears of market instability and investor protection. In response to these challenges, regulatory bodies like the Bank of Italy are tasked with crafting guidelines that balance fostering innovation and safeguarding financial systems. By providing clarity on issues such as taxation, investor protection, and operational standards, these guidelines aim to mitigate risks associated with cryptocurrencies while harnessing their potential benefits.

Key Objective of the Bank of Italy’s Guidelines

  • Enhancing Consumer Protection

One of the primary objectives of the forthcoming guidelines is to enhance consumer protection in the realm of cryptocurrencies. Given the decentralised nature of blockchain technology, transactions involving cryptocurrencies are irreversible and often anonymous, posing risks for unsuspecting consumers. The guidelines must outline measures to ensure transparency, security, and accountability within the cryptocurrency ecosystem. This may include requirements for crypto exchanges to implement robust security protocols and adhere to anti-money laundering (AML) and know-your-customer (KYC) regulations.

  1. Promoting Financial Stability

Another crucial goal of the Bank of Italy’s guidelines is to promote financial stability in the face of increasing crypto adoption. The volatility inherent in crypto markets can have ripple effects on traditional financial systems, affecting investor confidence and market integrity. The guidelines seek to mitigate these risks by establishing clear regulatory frameworks and providing a level playing field for traditional financial institutions and emerging crypto enterprises. This may involve measures to monitor and manage systemic risks posed by cryptocurrencies, such as capital requirements and market conduct standards.

  1. Facilitating Innovation and Market Integration

While addressing risks, the Bank of Italy also aims to foster innovation and facilitate the integration of cryptocurrencies into the broader financial ecosystem. Recognising the potential of blockchain technology to enhance efficiency and transparency in financial transactions, the guidelines are expected to clarify regulatory expectations for crypto startups and established financial institutions alike. This could include guidelines on licensing requirements, operational standards, and permissible uses of cryptocurrencies within the Italian financial system.

In late June 2024, experts at Crypto minded published that the Italian government was set to increase surveillance on crypto markets to comply with MiCA. A decree suggested that it aims at fines ranging from 5,000 euros ($5,400) to 5 million euros ($5,4 million) for violations ranging from market manipulation to insider trading. 

As the global cryptocurrency landscape continues to evolve, regulatory clarity is crucial to harnessing the benefits of digital assets while mitigating associated risks. The forthcoming guidelines from the Bank of Italy represent a vital step towards achieving this balance. These guidelines aim to position Italy at the forefront of responsible cryptocurrency regulation by enhancing consumer protection, promoting financial stability, and fostering innovation. As stakeholders await the release of these guidelines in the coming days, their implementation is poised to shape the future of cryptocurrencies within the Italian financial sector and serve as a benchmark for regulatory approaches worldwide.

Kane William

Tags: businessUK
Previous Post

The Great Resignation – how can companies counteract it?

Next Post

Setting Your Property Sale Timeline: Common Mistakes to Avoid

Related Posts

Vibrant casino room filled with numerous slot machines and colorful lights illuminating the space.
Business

Casino Licenses and What They Mean for Players and Why They Matter

September 9, 2025
464
B2B Payments
Business

Your Gateway to 21st-Century B2B Payments: Get a Free Visa Virtual Card for Effortless Transactions

September 9, 2025
313
Fire Dancers
Business

Palm Trees, Waves, and Fire Dancers: Luaus You Can’t Miss

September 9, 2025
386
Pets
Business

Unseen Bonds: How Pets Stay Close After They’re Gone

September 9, 2025
438
Notes and Job Security
Business

Doctor’s Notes and Job Security in California: What Workers Should Know

September 9, 2025
354
Physical Therapy
Business

Why Physical Therapy Should Be Part of Your Active Lifestyle at Any Age

September 9, 2025
542
Next Post
Property Sale

Setting Your Property Sale Timeline: Common Mistakes to Avoid

RECOMMENDED NEWS

Women’s Shoes

Ultimate Guide to Extra Extra Wide Women’s Shoes: Finding the Perfect Fit

7 months ago
538
estate planning

James Scotney, Town and Country Law: The Importance of Having a Will

5 months ago
56
The Significance of Chinа Post Tracking in International Trade

The Significance of Chinа Post Tracking in International Trade

1 year ago
463
Eco-Friendly Hazard Mitigation: Sustainable Approaches for Safer Industrial Environments

Eco-Friendly Hazard Mitigation: Sustainable Approaches for Safer Industrial Environments

2 years ago
670

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

Agency AI autosmart banking Beauty business Christmas construction cyber security data digital Digital Marketing Services ecommerce entertainmnet finance fitness Forex health inflation insurance kitchen KYND lifestyle manchester music News north overseas Personal Injury Pharmaceutical Industry property Real Estate recruitment Sir Michael Morpurgo Skincare sports technology tourism travel UK vehicles Warkworth village watch workspace yorkshire

Latest news

Man typing on a laptop computer, focused on his work in a well-lit environment.

The Coming Flatine Beep of AOL’s Dial Up Service – Are There People Still Using Dial Up?

September 10, 2025
Elevate home appeal with custom storage solutions and stylish cabinet enhancements

Elevate home appeal with custom storage solutions and stylish cabinet enhancements

September 10, 2025
Vibrant casino room filled with numerous slot machines and colorful lights illuminating the space.

Casino Licenses and What They Mean for Players and Why They Matter

September 9, 2025
Woman wearing a bathrobe in a casual and comfortable bathroom setting.

How to Glow-up This Year

September 9, 2025
How UK Lottery Players Are Making Smarter Choices in 2025

How UK Lottery Players Are Making Smarter Choices in 2025

September 9, 2025
B2B Payments

Your Gateway to 21st-Century B2B Payments: Get a Free Visa Virtual Card for Effortless Transactions

September 9, 2025
Fire Dancers

Palm Trees, Waves, and Fire Dancers: Luaus You Can’t Miss

September 9, 2025
Pets

Unseen Bonds: How Pets Stay Close After They’re Gone

September 9, 2025
Notes and Job Security

Doctor’s Notes and Job Security in California: What Workers Should Know

September 9, 2025
Physical Therapy

Why Physical Therapy Should Be Part of Your Active Lifestyle at Any Age

September 9, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

Man typing on a laptop computer, focused on his work in a well-lit environment.

The Coming Flatine Beep of AOL’s Dial Up Service – Are There People Still Using Dial Up?

September 10, 2025
Elevate home appeal with custom storage solutions and stylish cabinet enhancements

Elevate home appeal with custom storage solutions and stylish cabinet enhancements

September 10, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact