Italian Regulator Presses Crypto Firms to Comply Before 2025 Deadline

Italy’s securities regulator has issued a firm reminder to crypto businesses and investors that major regulatory changes are approaching, urging companies to prepare for the European Union’s MiCA transition deadlines.

The notice highlights Dec. 30, 2025, as the cutoff for firms currently operating under Italy’s lighter VASP registration regime.

Under MiCA, Italian VASPs can continue offering services during the transition period only if they file a formal application to become a licensed crypto-asset service provider within Italy or another EU country.

Companies that apply on time may continue operating while waiting for a decision, but the grace period ends on June 30, 2026. Those choosing not to seek authorization must wind down operations by the end of 2025, shut off local services, and return client assets.

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The shift represents a significant tightening of oversight. Italy’s existing rules require little more than registration with the OAM registry, but MiCA imposes full supervisory authorization, ongoing monitoring, and higher compliance standards. Consob emphasized that its reminder echoes guidance released the same day by ESMA, which is coordinating the EU-wide rollout of the new framework.

Italy’s Macro Risk Committee Flags Crypto Exposure

Alongside the regulatory notice, Italy’s Committee for Macroprudential Policies met in Rome to evaluate broader financial stability issues. While officials concluded that economic conditions remain generally supportive, they warned that crypto-related vulnerabilities may be rising. The concern stems from deepening links between digital assets and the traditional financial sector, coupled with regulatory inconsistencies across global markets.

In response, the Ministry of Economy and Finance has begun a detailed assessment of the risks facing retail investors who hold crypto assets directly or indirectly. The review is expected to inform new protections as Italy adapts to the rapidly changing regulatory environment surrounding digital assets.