Crypto license in Italy: MiCA CASP requirements (2026)

Yes. To provide crypto-asset services in Italy you need a MiCA CASP authorisation (Crypto-Asset Service Provider), supervised by CONSOB, under the EU Markets in Crypto-Assets Regulation (MiCA), Title V.

CONSOB.

An application fee of roughly €5,000–€25,000, plus ongoing supervisory fees.

Typically about 40 working days of substantive review; 1–3 months for a well-prepared application.

The application file centres on programme of operations describing each crypto-asset service you will provide; business plan with three-year financial projections; evidence of prudential safeguards (own funds or qualifying insurance); governance arrangements, organisational chart and internal-control description; plus fit-and-proper evidence for directors and qualifying shareholders.

Incorporate a legal entity with a registered office in the member state, with at least one director resident in the EU. Build the application file: programme of operations, business plan, governance, AML/CFT, ICT resilience and client-asset segregation. The authority then assesses the file and, once authorised, you can begin operating.

Yes — a single MiCA CASP licence passports across all 27 EU member states.

Legislative Decree No. 129/2024 designates CONSOB as the lead authority for conduct/market-integrity supervision (issuing CASP authorizations with Banca d'Italia's opinion) and Banca d'Italia for prudential supervision and authorization of ART/EMT (stablecoin) issuers. Administrative sanctions can reach €5 million or 12.5% of annual turnover; unauthorized crypto-asset issuance can lead to imprisonment up to four years.

Legacy VASPs enrolled in the OAM register as of 27 December 2024 may continue operating under the old regime until 30 June 2026 if they applied for a MiCAR CASP authorization by 30 June 2025. CONSOB has set 15 April 2026 as the first hard deadline for supervisory-fee payment; from 1 July 2026 only authorized CASPs may serve the Italian market.

On 30 September 2025 Banca d'Italia issued the 'Disposizioni di vigilanza in materia di cripto-attività', operationalising prudential, organisational, governance, ICT and AML standards for CASPs and ART/EMT issuers under MiCAR and the Italian decree.

From 1 January 2026, capital gains on crypto-assets are taxed at 33% (up from 26%) and the previous €2,000 annual exemption is abolished; MiCAR-compliant euro-denominated stablecoins benefit from a reduced 26% rate. A 0.2% IVAFE wealth tax applies and an optional 18% step-up tax on holdings as of 1 January is available.

From 1 January 2026 all EU-registered crypto-asset service providers (and reporting non-EU providers) must automatically report user transaction data and year-end balances to national tax authorities under the EU DAC8 directive, transposed into Italian law.

CONSOB has aligned with ESMA guidelines on the classification of crypto-assets as financial instruments under MiFID II. Tokens that qualify as financial instruments/products are subject to Italian prospectus and securities-law obligations; non-financial crypto-assets fall under MiCAR's lighter white-paper regime.