Italy's financial regulator Consob has issued an important reminder regarding the transitional period of MiCAR

Recently, Italy's financial regulator Consob officially announced a reminder to investors and virtual asset service providers (VASP) regarding the transitional arrangements for the Regulation on Markets in Crypto-Assets (MiCAR). This initiative will have a profound impact on Italy's crypto asset market.

According to the announcement, the MiCAR transitional period will conclude on December 30, 2025. Before this date, if a VASP has not submitted an authorization application for crypto asset service providers (CASP), it must cease all related business activities within Italy and promptly return customer funds and crypto assets to protect the rights of investors.

For VASPs that have submitted authorization applications before the deadline, they may continue to operate in Italy until their application is either approved or explicitly rejected. However, this “grace period” also has a clear time limit and must not exceed June 30, 2026.

This regulation aims to standardize the order of Italy's crypto asset market and strengthen the protection of investors. By setting clear transitional periods and application requirements, it encourages VASPs to enhance their compliance and operational standards. For investors, it is essential to closely monitor whether the VASP they have invested in has submitted the authorization application as required to avoid potential risks. Meanwhile, VASPs need to actively prepare application materials to ensure that their business complies with regulatory requirements, enabling them to continue developing along compliant paths. In the future, with the full implementation of MiCAR, Italy's crypto asset market is expected to welcome a healthier and more orderly development environment.

#美联储取消创新活动监管计划 $BTC