The legislative process on the crypto-assets regulation MiCAR is moving forward. Before we turn to the new drafts and votes, we have added the perspective of our colleagues in Italy to our Road to MiCAR.
In Italy, a decree was issued in January by the Ministry of Economy and Finance regulating the procedures and timetable for the notification of providers of services related to the use of virtual currencies and providers of services for digital wallets. Activities related to cryptocurrencies targeting persons in Italy are subject to registration requirements. The requirements for registration are reviewed on an ongoing basis.