🇮🇹 Italy sets a deadline for MiCA for crypto platforms

The regulatory agency CONSOB has established a clear deadline for MiCA:

⏳ 30/12/2025: All VASPs must

✔️ Submit an application for MiCA licensing (in Italy or any EU country), or

❌ Leave the Italian market.

⏱️ Applications submitted on time are allowed to operate until 30/06/2026 during the review period.

❗ VASPs that do not submit applications must:

– Cease operations in Italy

– Terminate contracts

– Refund customer assets & funds

– Notify users of the plan

CONSOB advises investors to check whether the platform they are using is preparing to comply with MiCA — if unclear, they should request to withdraw funds.

MiCA across the EU is tightening, and ESMA also emphasizes that transition phases will soon come to an end.