- Consob requires VASPs to become CASPs under EU MiCAR by December 30, 2025.
- Non-compliant providers must exit by June 2026.
- Investors can seek asset refunds from unauthorized providers.
The Italian Securities and Markets Authority (Consob) has issued a notice requiring Virtual Asset Service Providers (VASPs) to apply for Crypto Asset Service Providers (CASP) status by December 30, 2025.
This regulatory move aims for seamless MiCAR implementation, ensuring market stability and investor protection, impacting service providers and associated cryptocurrencies, including ETH and BTC, across Italy.
Non-Compliance Forces Providers to Cease Operations by June 2026
Consob has reminded VASPs in Italy to apply for CASP status by December 2025 to continue operating under MiCAR or cease operations by June 2026. Businesses must ensure compliance with new EU regulations.
VASPs that fail to comply face operational cessation by June 2026, directly affecting the stability of the crypto market in Italy. These businesses must return user funds and disclose future operational plans by the December deadline.
Consob, The Italian Securities and Markets Authority, – “Virtual Asset Service Providers (VASPs) registered with OAM must submit an application to become regulated Crypto Asset Service Providers (CASPs) by December 30, 2025, to continue operating under the EU’s MiCAR framework.” : Consob Official Notice
Italy’s Extended CASP Compliance Timeline and Market Analysis
Did you know? Italy’s deadline for CASP compliance is longer than in some other EU nations, providing additional time for VASPs to adjust and align with MiCAR.
Ethereum, currently priced at $3,157.39 with a market cap of $381.08 billion, represents 12.17% market dominance. Trading volume has dropped 18.51% in 24 hours, as noted by CoinMarketCap. In the last 60 days, ETH’s price has seen a decline of 30.19%.
Insights from Coincu research suggest that the full adoption of MiCAR by 2026 might increase investor confidence in regulated markets. Clarity in regulations is expected to boost transparency and compliance.
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