German payments processor DECTA expects euro-pegged stablecoins to gain traction in payments and tokenized finance as MiCA takes full effect across the EU.
According to a press release from Consob on December 4, 2025, Italy’s securities regulator told crypto and virtual asset service providers (VASPs) that they must secure authorization under the EU’s Markets in Crypto-Assets regime (MiCA) by December 30, 2025, or stop serving Italian clients. Related Reading: A New Era Begins: CFTC Approves Spot Bitcoin On Regulated US Markets The notice warns operators that those who do not file for a MiCA-compliant license must close out services and return customer funds by the year-end. Consob’s Deadline And What It Means For Firms Based on reports, companies that submit an authorization application by the cutoff may keep operating while the application is under review. But that temporary permission will not last beyond June 30, 2026, regulators say. That window gives providers some breathing room, but it also sets a hard date for final approvals. Source: Consob The regulator singled out platforms that until now have worked under Italy’s lighter national registry system (OAM). Those businesses now face a choice: apply to become fully authorized crypto-asset service providers (CASPs) under MiCA or plan an orderly exit. Operators who plan to leave must notify users clearly and return assets in a safe, verifiable way. Italy Opens A Broader Risk Review According to a Reuters report, Italy’s Economy Ministry has also ordered an in-depth review of crypto risks, bringing together the Bank of Italy, Consob and other agencies to check whether current protections are strong enough for investors and the wider financial system. The move came during a committee meeting that flagged rising exposure and the need to monitor spillovers into traditional finance. What Investors Should Watch For Next Customers in Italy should confirm whether their chosen platform has lodged a MiCA application or has made clear plans for compliance or exit. If an operator fails to apply by December 30, users could face service interruptions and will need to follow the provider’s instructions for fund returns. Regulators say transparency from firms will be key in the weeks ahead. Related Reading: Bitcoin Adoption Is Just Getting Started — 200x Growth Possible, Tom Lee Says Smaller local platforms may find the compliance burden steep. Some operators could seek licenses in other EU states and use passporting rules to serve Italian clients, while others may shut down or merge. The provisional operating window stretches into mid-2026, but the final shape of the market will depend on how quickly firms meet the tougher requirements and how long authorizations take to process. Consob’s notice is meant to cut through uncertainty and force a choice before year-end. The combination of a firm deadline, mandatory filings and a parallel review marks a stricter approach to crypto oversight in Italy. Featured image from Unsplash, chart from TradingView
The European Commission wants to get rid of fragmentation from differing supervisory approaches in member states.
President Karol Narwocki was concerned that the Cryptoasset Market Act would allow the government to disable crypto companies websites "with a single click."
KuCoin EU obtained a Markets in Crypto Assets (MiCA) regulation license in Austria, allowing it to offer regulated services across the EEA.
The European Securities and Markets Authority is preparing to take greater, more centralized control of crypto regulation across the 27-country trading block, according to reports.
The Swiss banking group’s Austrian subsidiary, AMINA EU, will spearhead a European market launch and accelerated expansion into the trading block.
MiCA deserves credit for imposing order on chaos, but its structure rests on a dangerous assumption: that proof-of-reserves equals proof-of-stability, argues Dr. Daniel D’Alvia. It does not.
MiCA has given Europe a uniquely strong position to establish the regulatory gold standard for crypto, says Malta Financial Services Authority CEO Kenneth Farrugia, but regulators must work quickly and collaboratively to preserve the region’s advantage.
The firm behind the fast-growing stablecoin blockchain also plans to obtain MiCA and EMI licenses as part of its expansion in Europe.
Fintech giant gains CySEC approval to offer compliant crypto trading across 30 EEA markets under MiCA
The restriction on paying interest to stablecoin users looks easy to circumvent, argues EY’s Paul Brody. So why not just let stablecoin providers pay interest the same as any bank would?
Failure to meet the requirements set by ACPR could compromise an exchange's ability to get a MiCA license from France.
Stablecoins, the fastest-growing part of digital finance and crypto, will only fully succeed if regulators match their borderless design with cross-border collaboration, argues Patrick Hansen, the Senior Director of Strategy & Policy at Circle.
The banks involved in the new euro-denominated stablecoin are: ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank and Raiffeisen Bank International.
Regulators seek direct ESMA supervision and tighter rules on non-EU platforms to boost investor protection.
Bullish, whose parent company Bullish Group is also the owner of CoinDesk, began trading on the New York Stock Exchange last month.
European Central Bank (ECB) President Christine Lagarde has called on policymakers to accelerate legislation targeting the risks posed by stablecoins. Speaking at the European Systemic Risk Board (ESRB) conference on Sept. 3, Lagarde warned that while stablecoins appear innovative, they reintroduce long-recognized financial vulnerabilities in new forms. According to her: “The categories of risk they […]
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Stablecoins should comply with the bloc’s regulatory standards before operating on EU soil, Lagarde argued.
The approval is a significant step in Gemini’s EU strategy, allowing the firm to roll out its trading products and services to customers across the region.
Tether has taken a minority stake in Spain’s MiCA-licensed exchange Bit2Me after disclosing $4.9 billion in profit for Q2 2025.
The license, granted by France's AMF, allows it to offer crypto portfolio management services across the European Union.
Hungary’s new rules leave crypto investors holding—but unable to legally trade—assets, as unlicensed activity now risks a five-year prison term.
The European Securities and Markets Authority (ESMA) has raised red flags over Malta’s handling of license approvals under the EU’s Markets in Crypto-Assets (MiCA) regulation. In a peer review report released on July 10, ESMA highlighted deficiencies in how the Malta Financial Services Authority (MFSA) approved a recent crypto asset service provider (CASP), urging tighter […]
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ESMA questioned the timing of the authorization of a certain “CASP entity” where “material issues remained unresolved or pending remediation at the time of the authorisation.”
More than 50 institutions, including major stablecoin issuers and crypto service providers, have received regulatory approval under the European Union’s Markets in Crypto-Assets (MiCA) framework within the first six months of the regulation. On July 7, Circle executive Patrick Hansen shared new data from the European Securities and Markets Authority (ESMA), revealing that 53 entities […]
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Paxos USDG will have a significant impact in the EU's regulated stablecoin markets, offering an alternative to USDC and others for 450 million residents.
Some people think Malta is nimble and innovative when it comes to regulation. But others see a fast track to regulatory arbitrage.
Coinbase and Kraken were also recently granted MiCA licenses; Gemini is said to be in the final stages of getting one from Malta.
The company joins Kraken, Coinbase and Bybit who have also received MiCA licenses to operate in Europe.