Italy Sets Firm MiCA Deadline for Crypto Platforms to Comply

Italy’s financial regulator has given a clear warning to the crypto industry in the region under the Markets in Crypto-Assets Regulations (MiCA). It has set a firm deadline for crypto platforms. In a press release issued on 4 December, the Commissione Nazionale per le Società e la Borsa (CONSOB) confirmed that 30 December 2025 is the last date for all virtual asset service providers registered under Italy’s current regime to legally operate without MiCA authorization. 

After that, only fully approved crypto-asset service providers (CASPs) will be allowed to continue serving clients in Italy, including those operating under passports from other EU states. The announcement brings new clarity to how Italy intends to implement MiCA, while also putting pressure on crypto platforms to register.

Transitional Period for Applicants

CONSOB emphazied that virtual asset service providers submitting an application for CASP authorization in Italy or any other EU country will have to comply with the 30^th December deadline. These companies will be permitted to keep operating while their application is being reviewed. The temporary window extends no later than June 30, 2026, and ends earlier if authorization is granted or denied. 

Platforms opting not to apply under MiCA will need to stop all operations in Italy by 30 December. These firms are required to terminate contracts and return all client funds and crypto assets according to customer instructions. The CONSOB also expects these firms to publish clear notices on their websites. 

Italy’s move aligns with a broader EU push to complete MiCA registration. On the same day, the European Securities and Markets Authority (ESMA) reiterated that the national transitional regimes are temporary. It stressed the need for orderly regulation while authorization is not obtained. 

With all of these deadlines in place, Italy has created one of the strictest lines in the EU. This signals that long-term participation in its crypto market will require full MiCA compliance.