European Parliament adopts negotiating position on the digital euro regulation
The European Parliament approved its position on the digital euro regulation on 9 July 2026, following a committee vote in June.
Central bank
Banca d'Italia
Eurosystem member and Italy's national central bank, which developed and operates TIPS, the euro area's instant payment settlement platform; its Directorate General holds that central bank money should remain the settlement pivot for tokenized instruments.
The profile
Italy's national central bank and a Eurosystem member, entrusted by the ECB Governing Council in 2017 with developing and operating TIPS, the euro area's instant payment settlement platform, which has run since November 2018. It co-developed the T2 real-time gross settlement service and TARGET2-Securities. Its Directorate General argues that distributed ledgers are evolving rather than disrupting finance, and that central bank money should remain the settlement pivot for tokenized instruments, the reasoning behind the Eurosystem's Pontes and Appia work.
Frameworks and functions
- TIPS
- TARGET Instant Payment Settlement, the Eurosystem instant payments platform developed and operated by the bank since 2018.
- T2
- Euro real-time gross settlement service co-developed with Deutsche Bundesbank, which replaced TARGET2 in March 2023.
Coverage
Developments in which Banca d'Italia is a named party, newest first.