MiCA CASP authorisation in Italy (CONSOB)

Why teams look at Italy

Italy is one of the EU’s largest consumer markets, and it ran a national register for crypto operators (the OAM register) before MiCA. Under MiCA’s crypto-asset service provider regime, applying from 30 December 2024, supervision is split: CONSOB leads on conduct and market integrity, and Banca d’Italia covers prudential matters including custody and payment functions. Italy suits firms that want scale and are ready for a two-authority structure.

This page is informational and does not replace legal, regulatory, or tax advice. Confirm current requirements, forms, fees, and timelines directly with CONSOB and Banca d’Italia before acting.

The authorisation route

A firm that is not already an EU-authorised financial entity applies for authorisation as a CASP under Article 62, with CONSOB and Banca d’Italia each playing a role. A firm already authorised under EU financial law can use the lighter Article 60 notification.

Under Article 63 the competent authority has 25 working days to confirm completeness and then 40 working days to decide once the file is complete.

What CONSOB and Banca d’Italia expect

Capital and the Article 67 question

The minimum is 50,000 euro, 125,000 euro, or 150,000 euro depending on the services you are authorised for, or one quarter of the previous year’s fixed overheads if higher. If you are weighing insurance against capital, build the evidence first: see the CASP insurance evidence pack and own funds vs insurance.

Coming from the OAM register

Operators on Italy’s pre-MiCA OAM register do not convert automatically to a MiCA authorisation. They transition through a process the Italian authorities manage within a national transitional window. Confirm the current cut-off date and the exact transition steps with CONSOB.

Transitional dates have moved at the member-state level. Confirm any date against current CONSOB guidance before planning around it.