BlockBeats news, on December 5, the Italian Securities Market Regulator (Consob) issued a notice reminding that according to the EU (Regulation on Markets in Crypto-Assets) (MiCAR), virtual asset service providers (VASP) currently registered with OAM in Italy must submit an application to transform into a regulated crypto asset service provider (CASP) by December 30, 2025, in order to continue operating. Otherwise, they will not be allowed to provide related services from that date, and this must not exceed June 30, 2026.
Consob specially reminds investors: it is necessary to confirm whether the currently cooperating VASP plans to apply for a CASP license; check whether the service provider is listed in the ESMA (European Securities and Markets Authority) or OAM registration directory; if the service provider is not authorized, investors have the right to demand the return of their assets. Consob also urges VASP again: those who have not applied for CASP authorization must terminate operations before December 30, close all contracts, and return user funds; clearly disclose future operational plans or exit arrangements to users. This announcement is to support the comprehensive implementation of MiCAR in the EU, ensuring a smooth and orderly transition in the market.
