Italy Sets Dec 2025 Deadline for Crypto Firms to Meet MiCAR Rules

Italy mandates crypto firms to comply with MiCAR by Dec 30, 2025, or exit. Only authorized providers may operate, with stricter rules and supervision. Investors should check their platform’s compliance and expect asset returns from non-compliant firms.

Italy’s financial regulator Consob has announced that all Virtual Asset Service Providers (VASPs) must comply with the EU’s Markets in Crypto-Assets Regulation (MiCAR) by December 30, 2025, or exit the Italian market. The new rules require VASPs to transition to fully authorized Crypto-Asset Service Providers (CASPs), involving stricter operational checks, client protection, and ongoing supervision. Firms that apply for CASP status by the deadline can continue operating during the review process, but no later than June 30, 2026. Investors are urged to verify their provider’s compliance plans and regulatory status, as non-compliant platforms must cease operations and return client assets. Consob’s guidance aims to ensure a smooth transition, enhance transparency, and align Italy with EU-wide crypto regulations.