Italy Sets Hard MiCA Deadline for Crypto Platforms to Comply

Italy's regulator, CONSOB, has established a firm deadline of December 30, 2025, for all crypto platforms operating under the old system (registered only with OAM) to comply with the EU's Markets in Crypto-Assets Regulation (MiCA). Companies must either apply for full Crypto Asset Service Provider (CASP) licenses or cease all activities, including returning customer funds, by this date. Those applying for licenses can continue operating until June 30, 2026, while their applications are under review. This strict timeline utilizes MiCA's flexibility to force a rapid cleanup of the Italian crypto market, contrasting with the longer transition periods adopted by other EU nations. CONSOB will handle market conduct, while the Bank of Italy will manage anti-money laundering and stability concerns. Investors are advised to verify their platform's compliance plans, as non-compliant firms will be operating illegally after the deadline, potentially leading to market consolidation.

(Source：Brave New Coin)