Shaping crypto policy: Italy aligns with EU and US shifts

Rome: Italy is advancing its crypto regulatory framework through Legislative Decree 129/2024, aligning domestic law with the EU’s MiCAR. With enforcement set for June 2025 and oversight by Consob and the Bank of Italy, the initiative aims to balance innovation and risk, mirroring similar shifts in Washington

Driving the future. Italy is moving decisively to advance its crypto regulatory framework in line with global developments.

A high-level meeting hosted by the Prime Minister’s Office on Wednesday focused on implementing Legislative Decree 129/2024, which aligns Italian law with the EU’s Markets in Crypto-Assets Regulation (MiCAR). Full enforcement of these measures is scheduled for June 2025.

Why it matters. The decree sets a clear regulatory perimeter and assigns oversight powers to both Consob, the authority responsible for regulating the Italian securities market, and the Bank of Italy.

This strategic approach recognises both the opportunities and risks of the crypto revolution and mirrors policy shifts underway in Washington.

Consob and the Bank of Italy have signed a memorandum of understanding to coordinate supervisory roles, inspections, and enforcement, ensuring cross-border cooperation and unified regulatory responses.

Parallel developments in Washington. Across the Atlantic, the US is recalibrating its crypto stance.

The White House recently held its first Digital Asset Summit last week, framing bitcoin as a national strategic asset.

The US Administration began rolling back restrictions from “Operation Chokepoint 2.0”, with regulators easing limits on banks engaging in crypto.

Driving the future. From Rome to Washington, crypto is now a matter of strategic policy.

Both jurisdictions are building frameworks to attract innovation while asserting regulatory control.