Italy MiCA 2025

Italy MiCA (Markets in Crypto-Assets) Crypto Requirements 2025

The EU's Markets in Crypto-Assets (MiCA) regulation, effective December 30, 2024, mandates that all crypto-asset service providers (CASPs) in Italy obtain authorization from the Italian Companies and Exchange Commission (Commissione Nazionale per le Società e la Borsa, CONSOB) to continue operations. Italy has established a 12-month transitional period during which existing CASPs can operate under current regulations while seeking MiCA authorization.

The MiCA regulation introduces a comprehensive framework for CASPs across the European Union, including Italy. Key dates for MiCA implementation in Italy are as follows:

• June 30, 2024: Provisions for asset-referenced tokens (ARTs) and e-money tokens (EMTs) become applicable.
• December 30, 2024: MiCA's full provisions come into effect, requiring CASPs to obtain authorization from CONSOB to continue operations.
• December 30, 2025: Italy has established a 12-month transitional period during which existing CASPs can operate under current regulations while seeking MiCA authorization. This period concludes on December 30, 2025, after which only authorized entities may legally provide crypto-asset services.

How Scorechain’s AML Compliance Tools Support Crypto-Asset Service Providers (CASPs) in Italy

Mandatory Licensing

In Italy, CASPs must comply with MiCA’s EU-wide licensing requirements and register with CONSOB for local operations. Scorechain provides a robust compliance framework, helping CASPs maintain a clear audit trail and meet local regulatory expectations.

Enhanced Due Diligence (CDD)

Italian AML laws, governed by Legislative Decree 231/2007, require stringent customer due diligence, aligning with MiCA's standards. Scorechain’s tools support CASPs by enabling wallet screening, transaction monitoring, and risk assessments to ensure compliance with both CONSOB’s requirements and EU regulations.

Reporting Obligations

CASPs in Italy must report suspicious activities to the Financial Intelligence Unit of Italy (Unità di Informazione Finanziaria, UIF). Scorechain simplifies the process with its Suspicious Activity Reporting (SAR) features, ensuring CASPs meet MiCA obligations while adhering to Italy’s specific reporting requirements.

Internal Controls

Italian CASPs are required to implement robust internal policies under Legislative Decree 231/2007. Scorechain helps organizations develop tailored compliance programs, combining MiCA requirements with Italy’s local AML obligations to ensure effective risk management.

Regulatory Oversight and Transparency

Scorechain provides real-time analytics and reporting dashboards designed to meet the high transparency standards of CONSOB. These tools also facilitate compliance with MiCA and ensure efficient collaboration with Italian regulators.

Why Scorechain is Ideal for Italian CASPs

By integrating Scorechain’s AML solutions, CASPs operating in Italy can:

• Seamlessly align with MiCA and CONSOB’s regulations.
• Build trust with customers and regulators by ensuring operational transparency.
• Mitigate risks through automated transaction monitoring and robust internal controls.

Scorechain empowers Italian CASPs to navigate the evolving regulatory landscape confidently, ensuring compliance with MiCA and fostering trust in Italy’s growing crypto market.

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