Common rules for issuing and offering these instruments to the public and requirements for the provision of services related to them will foster the protection of users and the integrity and stability of the financial system, while creating the conditions for the opportunities afforded by technology to be  7/9  BIS - Central bankers' speeches  seized in Europe as well.
The regulation on a pilot regime for distributed ledger-based market infrastructures (the so-called DLT pilot regime), which was published last June, will also make it possible to test new ways of issuing and circulating financial instruments under the supervision of Consob and Banca d'Italia.