Crypto Regulations: Pay Attention to the December 30 Deadline

Italy's market regulator Consob has warned crypto companies and investors about a crucial turning point for the sector, emphasizing the date of December 30, 2025. It was stated that under the European Union's Markets in Crypto-Assets Regulation (MiCA), existing registered service providers will not be able to operate in the country if they do not apply for a MiCA license by this date.

In its statement, Consob noted that virtual asset service providers in Italy could only operate with OAM registration, but with MiCA, there is now a requirement to obtain full authorization under the status of Crypto Asset Service Providers (CASP). Companies that meet the application deadline will be able to continue operating until June 30, 2026, at the latest, while the licensing process is completed.

On the other hand, companies that do not apply will be required to cease operations, close existing contracts, and return customer assets by December 30, 2025. Consob also emphasized that this reminder is in line with the general transitional guide published by the European Securities and Markets Authority.

Italy’s Macroprudential Policies Committee also recently held a meeting in Rome to address financial stability risks. The committee, which includes Bank of Italy, Consob, IVASS, COVIP, and the Treasury, stated that while the general outlook for the economy is positive, risks related to crypto assets have grown due to increased connections with the financial system and inconsistencies in global regulations. This situation has prompted a review of protection mechanisms aimed at limiting individual investors' direct or indirect exposure to cryptocurrencies.

It is important for investors to closely monitor the development of crypto regulations in Italy. In the forthcoming period, the withdrawal of companies that do not apply for MiCA licenses may cause fluctuations in the markets. It will be a critical strategy for investors to take these regulations into account when making decisions regarding existing crypto assets and potential new investments.