BOT stands for Buoni Ordinari del Tesoro (Ordinary Treasury Bonds).
Mini means the denomination is smaller than the lowest denomination of regular treasury bonds, which is €1,000, thus "Mini-BOT".
The Italian government, led unofficially by deputy prime ministers Matteo Salvini (League) and Luigi Di Maio (Five Star Movement) both support the idea of a parallel currency.
The technocrat prime minister, Giuseppe Cont, is not calling the shots and threatened to resign over this issue.
ECB president, Mario Draghi, proclaimed "Mini-BOTs are either money and then they are illegal, or they are debt and then the stock of debt goes up. I don't think there is a third possibility."