The Bank of Italy, the country's central bank, has announced its plans to release guidelines for the regulation of cryptocurrencies in the near future. According to the bank's governor, the guidelines will align with the EU's Markets in Crypto-Assets (MiCA) regulations. However, the governor also took the opportunity to criticize the popular cryptocurrencies Bitcoin and Ethereum, labeling them as unbackedassets. This development highlights the growing concerns and challenges surrounding the regulation of the rapidly expanding cryptocurrency market. Stay tuned for updates on Italy's approach to this complex and controversial issue.