Bank of Italy is readying its economy to integrate blockchain Digitalassets Italy cryptocurrency
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“The Bank of Italy is focusing on the need to identify areas in which new distributed ledger technologies can contribute to the overall stability of the financial system and to customer protection,” Visco said. “We have devised a 'trigger' solution that allows the use of central bank money for settling trades in securities on DLT-based platforms,” Visco explained. The central bank is collaborating with the Italian securities market regulator CONSOB and the Ministry of Economy and Finance to initiate the “authorization and supervision activities” of MiCA, he said.
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