Derived from 36 Crypto, Italy’s financial regulator, Consob, has issued a warning to virtual asset service providers (VASPs) to comply with the EU’s Markets in Crypto-Assets Regulation (MiCA) by December 30, 2025. VASPs must apply for a license as crypto-asset service providers (CASPs) in Italy or another EU member state to continue operations beyond the deadline. Firms that do not seek authorization must cease operations, terminate contracts, and return customer assets by the same date. The transition reflects a shift to stricter oversight under MiCA. In a related development, Italy’s Committee for Macroprudential Policies expressed concerns about the growing interconnectedness of crypto markets with the broader financial system and potential risks to retail investors.
Italy’s Financial Watchdog Urges Crypto Firms to Comply with MiCA by 2025 Deadline
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