ChainCatcher report: According to Reuters, Conio, an Italian crypto-fintech company backed by Poste Italiane and Banca Generali, has obtained a Crypto-Asset Service Provider (CASP) license under the European Union’s MiCAR framework in Italy. The authorization, granted by Italy’s Consob in coordination with the central bank, permits Conio to offer services such as digital asset custody, transfers, and distribution. The report notes that the MiCAR transition period ends on June 30, 2026, after which companies without a license will be prohibited from providing crypto services in Italy and the EU.
Italian crypto fintech Conio obtains MiCAR license
ChaincatcherShare
Summary
Italian crypto FinTech Conio, backed by Poste Italiane and Banca Generali, has obtained a Crypto Asset Service Provider (CASP) license under the EU MiCAR framework. Issued by CONSOB and the Bank of Italy, the license authorizes Conio to offer custody, transfer, and distribution services for digital assets. The MiCAR transition period ends on June 30, 2026, after which unlicensed firms will be prohibited from operating in Italy and the EU. This move supports ongoing efforts to classify crypto assets and promotes greater liquidity and integration of crypto markets.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.