Italian Regulator Issues MiCA Compliance Deadline Warning to Crypto Firms

_{Photo credit: Neirfy / Shutterstock.com} 

Italy’s securities markets regulator CONSOB has issued a reminder of the upcoming December 30 deadline by which all virtual asset service providers (VASPs) operating in the country will need to meet the European Union’s Markets in Crypto‑Assets Regulation (MiCA) standards. 

VASPs that do not obtain MiCA-compliant authorization will need to exit the Italian market.

December 30, 2025, will be the last day that VASPs operating under the previous national regime, via the Organismo Agenti e Mediatori (OAM) registry, may remain active. From December 31, only entities authorized as Crypto-Asset Service Providers (CASPs) under MiCA will be permitted to offer crypto services in Italy, including those passporting in from other EU member states.

VASPs that apply to operate as a CASP by December 30 in Italy or another EU member state may continue operating while their applications are reviewed, but only until June 30, 2026. Firms that do not apply to operate as a CASP will need to shut down operations by December 30, cease servicing clients, and return all virtual assets and funds to customers.

CONSOB has also urged crypto investors to verify whether their platform has applied for MiCA authorization or plans to exit the market by consulting the list of VASPs kept by the OAM or the register of authorized CASPs kept by ESMA. Investors are encouraged to seek clarity from their provider and, if necessary, request a return of funds to avoid potential disruptions.

CONSOB’s reminder demonstrates the significant upcoming changes for digital asset operations in the EU as transitional deadlines for MiCA authorization draw nearer.