Under the EU’s MiCAR framework, Consob has issued guidance for Italian VASPs registered with the OAM to pursue a transition to a regulated Crypto Asset Service Provider (CASP) by December 30, 2025. Beyond that date, non‑CASP operators may face service restrictions beginning June 30, 2026, reinforcing EU licensing standards and promoting market integrity during the regulatory shift.
For investors, Consob advises verifying whether their current VASP intends to apply for CASP status, and confirming the provider’s registration on the ESMA or OAM lists. If a service provider lacks authorization, customers retain the right to request the return of their assets. VASPs that have not secured CASP authorization should cease operations by December 30, 2025, unwind contracts, and promptly return funds to users while transparently outlining future plans.
This phased approach supports a smooth MiCAR implementation across Italy, reducing operational risk and enhancing transparency for crypto participants as the EU aligns its market supervision.
Source: https://en.coinotag.com/breakingnews/italys-consob-vasps-must-transition-to-casp-under-micar-by-dec-30-2025-to-continue-crypto-asset-services
