Operating a crypto business in Italy requires more than a Markets in Crypto-Assets (MiCA) license, according to a Techub News brief citing Spaziocrypto. The report says firms must also clear a second layer of national approval, adding another gate to market entry. As of mid-2026, only nine entities had completed the full compliance process, a figure that points to stricter practical access conditions than many may assume. Under Italy’s legal framework, supervisory duties are split between Consob and the Bank of Italy. Consob handles authorization and oversight of market conduct, while the Bank of Italy focuses on asset custody and anti-money laundering controls. Operators are also required to comply with domestic Italian legislation, strict customer identity verification rules, and the European Union’s automatic exchange obligations for tax information. The structure suggests that MiCA alone does not complete the regulatory path for crypto firms seeking to operate in the country.
Running a crypto business in Italy requires more than holding a Markets in Crypto-Assets (MiCA) license, according to a Techub News item citing Spaziocrypto. Firms also need to pass a second layer of national approval before they are fully compliant.
As of mid-2026, only nine entities had completed the entire compliance process, the report said, indicating that entry barriers in the Italian market are higher than commonly understood.
Italy’s legal framework divides oversight between Consob and the Bank of Italy. Consob is responsible for authorization and supervision of market conduct, while the Bank of Italy focuses on asset custody and anti-money laundering oversight.
Operators must also comply with domestic Italian legislation, strict customer identity verification requirements, and European Union obligations for the automatic exchange of tax information.
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