Catenaa, Monday, December 08, 2025-Italy’s financial market regulator told crypto firms to secure approval under the European Union’s Markets in Crypto Assets rules before a year-end deadline or halt local service.

The notice covers virtual asset service providers that currently operate under a temporary regime. It affects business decisions, customer accounts and access to crypto trading in the country.

The deadline is Dec. 30. Firms must submit applications to become licensed crypto asset service providers in Italy or any European Union member state.

Those filings allow continued operation while authorities review them through June 30, 2026. Companies that decide not to seek authorization must leave Italy, close contracts and return client assets by Dec. 30.

The current system only asks firms to register with a brokers office called OAM. The new regime demands authorization from supervisors and ongoing checks.

Italy issued its reminder after a related statement from the European Securities and Markets Authority, which manages the coordinated shift across the bloc.

In a separate statement, Italy’s Committee for Macroprudential Policies said links between digital assets and the wider financial system could pose risks.

The group includes the Bank of Italy, Consob, insurance and pension regulators and the Treasury. It met in Rome to review conditions and plans further work on consumer protection, especially for retail investors holding crypto exposure through direct purchases or investment products.

The Treasury opened a review of safety measures for retail clients holding crypto assets.