Italian regulators have warned that the MiCAR regulatory transition period is approaching, and VASPs must transform into CASPs to continue operating.

According to the EU's Crypto Asset Market Regulation (MiCAR), Virtual Asset Service Providers (VASPs) currently registered with OAM in Italy must submit an application to transform into regulated Crypto Asset Service Providers (CASPs) by December 30, 2025, if they wish to continue operating. Otherwise, they will be prohibited from providing related services from that date, no later than June 30, 2026.