Italy Establishes Strict MiCA Deadline Amidst Licensing Demands for Crypto Companies
MiCA Compliance Deadline: Italy has set a deadline of December 30, 2025, for crypto firms to secure licenses under the MiCA regulations, urging those without full approval to act promptly or face suspension of operations.
Licensing Requirements: Crypto companies must apply for a CASP license to continue operating in Italy post-deadline, with a temporary period for applications extending until June 30, 2026, after which unlicensed firms must cease activities.
Guidance for Firms and Users: Consob has issued guidelines for crypto firms and retail users, emphasizing the importance of verifying provider registration status and outlining steps for compliance with MiCA regulations.
Assessment of Crypto Risks: Italy's Committee for Macroprudential Policies is reviewing the growing risks associated with crypto-assets, advocating for stronger oversight and protections for retail users as the market evolves.
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