Regulatory Alerts2025-10-01
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Bank of Italy Provisions Implementing Legislative Decree 5 September 2024, No. 129, on Crypto-Asset Markets
The Bank of Italy issued supervisory provisions to implement Legislative Decree No. 129/2024 and the EU MiCAR Regulation, establishing detailed rules for governance, fitness assessments, and recovery planning. These regulations specifically target issuers of asset-referenced tokens and electronic money tokens, as well as crypto-asset service providers, to ensure robust internal controls and organizational standards. The document defines the scope of application, regulatory sources, and specific requirements for administrative organization and third-party agreements within the Italian crypto-asset market.
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