Overview
- VASPs serving Italian clients must apply for CASP authorization by Dec. 30, 2025 or stop operations in Italy.
- Firms that file by the deadline may keep operating during review until approval, rejection, or June 30, 2026, whichever comes first.
- Providers that do not apply must terminate contracts, discontinue services including custody, and return all client crypto and funds.
- Consob instructs investors to check providers’ published transition plans and verify status via the OAM list and ESMA’s CASP register.
- The regulator notes it has issued repeated transition warnings, including notices in September 2024, July 2025, and Oct. 31, 2025.