PANews reported on February 6 that according to CoinDesk, Ignazio Visco, the governor of the Bank of Italy, said in a speech on Saturday that Italian regulators have begun to establish a regulatory environment and look forward to the EU's law MiCA regulating cryptocurrencies. He added that a survey by the Bank of Italy showed that only about 2% of Italian households held an "average amount" of cryptocurrencies, and that Italian intermediaries had very limited exposure to the market.

Nevertheless, the country’s regulators are preparing for the upcoming EU crypto rules under the Markets in Crypto-Assets (MiCA) framework, which will be voted on for the last time in April. MiCA sets out licensing requirements for cryptocurrency issuers and service providers, including trading platforms. The central bank is working with local financial market regulator CONSOB and the Ministry of Economy and Finance to establish the “authorization and supervision activities” set out in MiCA.