Italy Enforces MiCAR Compliance Deadline for Crypto Providers
Italy's financial regulator, Consob, has issued a stark ultimatum to cryptocurrency service providers: secure authorization under the EU's Markets in Crypto-Assets Regulation (MiCAR) by December 30, 2025, or exit the market. The directive targets exchanges and brokers serving Italian users, marking a decisive step toward regulatory alignment with Europe's unified crypto framework.
Virtual Asset Service Providers (VASPs) currently registered with Italy's OAM registry face a hard deadline. Those failing to transition to MiCAR-compliant Crypto-Asset Service Providers (CASPs) must cease operations. Consob emphasized heightened vigilance for both investors and operators during this transitional phase.
The MiCAR regime will fundamentally reshape how crypto services—including trading, custody, and retail marketing—are delivered across the EU. Italy's move signals accelerating institutional oversight in a sector long dominated by decentralized innovation.