Italy’s financial regulator Consob has issued an important reminder to crypto companies as the December 30, 2025 MiCA deadline approaches, emphasizing that firms must obtain authorization to continue operating in the country.
According to the statement, currently registered virtual asset service providers must apply for MiCA authorization by December 30, 2025, or they will no longer be allowed to operate in Italy. Companies that submit their applications on time may continue operating until their authorization is approved or rejected, but no later than June 30, 2026. Those that choose not to apply must cease operations on December 30, close all existing contracts, and return customer assets.
While firms currently operate under a simple OAM registration regime, MiCA introduces a requirement for full CASP authorization. Consob noted that its reminder aligns with the EU wide transitional guidance released the same day by the European Securities and Markets Authority.
Regulatory concerns around crypto risks also resurfaced in Italy. The country’s Macroprudential Policy Committee said that although the overall economic outlook remains positive, risks tied to crypto assets are increasing due to their growing links with the financial system and uneven global regulation. The committee added that investor protection mechanisms aimed at limiting direct or indirect exposure to crypto are being thoroughly reviewed.
