Italy's securities regulator, Consob, has issued a critical announcement regarding the future of crypto and virtual asset service providers (VASPs) in the country. According to the conclusions drawn in the analytical report, as the deadline for compliance approaches, operators must navigate the new regulatory landscape set by the EU's Markets in Crypto-Assets (MiCA) regime.
Consob Mandates Authorization for Crypto Operators
In a notice released on December 4, 2025, Consob mandated that all crypto and VASP operators must obtain authorization under the MiCA framework by December 30, 2025. Failure to secure this license will result in the cessation of operations and the obligation to return customer funds by the year's end.
Provisional Permission for Application Submissions
Companies that manage to submit their authorization applications by the deadline will be allowed to continue their operations while their applications are under review. However, this provisional permission is limited and will expire on June 30, 2026.
Commitment to Transparency and Compliance
Consob has underscored the importance of transparency and compliance in the crypto sector, presenting operators with a crucial decision: either pursue full authorization or prepare for an orderly exit from the market. This move reflects the regulator's commitment to ensuring a secure and regulated environment for digital assets in Italy.
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