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- Sohrab Khawas
Sohrab Khawas
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
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Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Dec 05, 2025 08:23 UTC
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Italy Crypto Regulation: MiCAR Compliance Required by 30th December 2025
Italy’s Consob warns crypto users: VASPs must comply with MiCAR by 30 Dec 2025 or shut down. Check your platform to avoid service disruption.
MiCAR deadline nears: Italian VASPs must become authorised CASPs by 30 Dec 2025. Non-compliant operators must return funds and stop services.
Italy’s financial markets regulator, Consob, has issued a new warning to investors and crypto operators as the 30 December 2025 deadline for MiCAR compliance approaches. This date marks the end of the transition period for Virtual Asset Service Providers (VASPs) operating under Italy’s current, lighter rules.
With Europe’s new MiCAR framework coming into effect, operators will face a stricter authorisation process, and investors should be prepared for potential service disruptions.
What Happens After 30 December
Currently, VASPs in Italy only need to be registered with the OAM to operate legally. Under MiCAR, however, all crypto service providers, now called Crypto-Asset Service Providers (CASPs), must obtain full authorisation from regulators and operate under ongoing supervision. Consob emphasizes that 30 December 2025 will be the final day that unapproved VASPs can legally provide services in Italy.
A temporary exception applies to firms that submit a CASP authorisation request by the deadline. These operators may continue serving clients while their application is reviewed, but no later than 30 June 2026. Firms that fail to apply will be required to shut down immediately at the end of December.
This move follows earlier warnings. In April, the Bank of Italy noted that around 75% of firms holding large Bitcoin positions are based in the U.S., limiting the eurozone’s visibility into how these companies manage risk. The central bank cautioned that as crypto becomes more connected with traditional finance, potential vulnerabilities could affect wider markets.
How MiCAR Changes Affect Crypto Users
Consob advises investors to check the status of the crypto platforms they use. Many VASPs may not receive approval under MiCAR, which could leave users unable to access services or funds. Investors should confirm whether their platform has shared a MiCAR transition plan and verify the operator’s status via the official OAM list or ESMA’s register of authorised CASPs.
If a platform is not authorised after the deadline, it must stop operating and return all client funds and crypto-assets. Consob warns that using an unapproved operator after 30 December could expose users to unnecessary risks, especially if the firm delays withdrawals or provides unclear instructions.
Crypto Operators Must Comply or Shut Down Under MiCAR Rules
Consob’s warning is particularly relevant for VASPs that have not yet started the authorisation process. Those that do not transition into CASPs must wind down operations, close customer accounts, return assets and funds, and stop all crypto services, including custody and administration. Regulators stress that operators should communicate their plans clearly through public notices and direct updates to customers to ensure an orderly transition or shutdown.
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FAQs
Italy’s MiCAR rules require all crypto providers to be fully authorised by 30 December 2025 to operate legally.
Firms submitting authorisation by 30 December can operate temporarily until 30 June 2026 while regulators review their application.
Investors should verify the platform’s status on the OAM list or ESMA register to ensure it is an authorised CASP.
Non-compliant operators must shut down, close accounts, and return all client funds and crypto-assets immediately.
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