Italian crypto fintech Conio has obtained a Crypto-Asset Service Provider (CASP) license in Italy under the EU’s Markets in Crypto-Assets Regulation (MiCAR), enabling it to offer digital-asset custody, transfers, and placement services.

According to ChainCatcher, Reuters reported that the authorization was granted after reviews by Italy’s securities regulator Consob and the central bank.

The report also noted that MiCAR’s transition period will end on June 30, 2026, after which companies without a license will be unable to provide crypto services in Italy and across the European Union.