Italy Tightens Crypto Regulations: Deadline Looms for VASPs

Italy’s Securities and Markets Authority (Consob) has set a firm deadline for Virtual Asset Service Providers (VASPs) to transition to Crypto Asset Service Provider (CASP) status. The deadline is December 30, 2025, with non-compliant providers facing the end of operations by June 2026. This regulatory move aims for seamless MiCAR implementation, bolstering market stability and investor protection, impacting both traditional cryptocurrencies like ETH and BTC in Italy.