The Italian fintech received authorization after a joint review by Consob and the Bank of Italy, clearing it to operate as a crypto asset service provider under the EU’s new framework.
Italian fintech company Conio has obtained a European Union crypto asset service provider license under MiCAR, giving it approval to offer custody, transfer and placement services. Reuters reported on June 18 that the authorization followed a joint review by Consob (Italian market regulator) and the Bank of Italy. The approval positions Conio within the EU’s new Markets in Crypto-Assets regime, which is designed to create a harmonized rulebook for crypto firms operating across the bloc.