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Italy Sets Dec. 30 Deadline for Crypto Firms to Comply with MiCAR Rules

Italy Sets Dec. 30 Deadline for Crypto Firms to Comply with MiCAR Rules

Consob warns crypto and virtual asset providers to seek EU MiCA authorization by year-end or exit the Italian market, with provisional operations allowed until mid-2026 during review.

Fact Check
The evidence overwhelmingly supports the truthfulness of the statement. The most authoritative sources, including an official press release and website content from Italy's financial regulator, CONSOB, directly and explicitly confirm that a deadline of December 30 has been set for crypto firms to comply with MiCAR rules. These primary sources are the most credible evidence possible for this claim. This information is further corroborated, without contradiction, by a wide range of secondary sources, from major financial news outlets like Yahoo Finance to various crypto-focused publications. While the original statement omits the year, the sources consistently specify it as 2025, which clarifies the statement rather than invalidating it. There is no conflicting evidence provided. The high authority and consistency across all relevant sources lead to a high confidence assessment.
Summary

Italy’s securities regulator Consob has instructed crypto and virtual asset service providers to obtain authorization under the EU’s Markets in Crypto-Assets (MiCA) regime by December 30, 2025, or stop serving Italian clients. Firms applying before the deadline may continue operating while under review, but provisional permission expires June 30, 2026. The directive targets platforms previously registered under Italy’s lighter OAM system, forcing them to become fully authorized CASPs or plan a compliant exit with safe asset returns. Italy’s Economy Ministry has launched a risk review involving the Bank of Italy, Consob, and other agencies, addressing investor protection and potential spillovers into traditional finance.

Terms & Concepts
  • MiCA: Markets in Crypto-Assets Regulation, the European Union’s framework for governing cryptocurrency services and activities.
  • CASP: Crypto-asset service provider, a business offering services related to crypto-assets, regulated under EU MiCA rules.
  • OAM: Italy’s national registry system for certain financial operators, offering lighter regulatory requirements compared to full MiCA authorization.