Italy’s Conio Secures MiCA Approval Before EU Deadline

TLDR

• Conio secures MiCA approval before the EU crypto deadline

• Italy fintech gains CASP license for regulated crypto services

  

• Conio can now offer custody, transfers and placement services

• MiCA deadline pushes crypto firms toward EU licensing

• Italy strengthens its role in Europe’s regulated crypto market

Italy’s regulated crypto sector gained fresh momentum after Conio secured MiCA approval before the EU deadline. Conio can now offer crypto custody, transfers, and placement services under the bloc’s digital asset framework. The approval strengthens Italy’s role in Europe’s shift toward licensed crypto services.

Conio gains CASP approval in Italy

Conio received authorization to operate as a crypto-asset service provider in Italy under MiCAR. The approval followed a review by Consob and the Bank of Italy. Therefore, the company can now provide regulated digital asset services under EU standards.

The license covers custody, transfer, and placement services for crypto assets. It also gives Conio a clearer path to serve clients across the European Union. However, the company must follow MiCA rules on transparency, governance, and risk controls.

Conio has backing from Poste Italiane and Banca Generali, which gives it strong institutional links. The company plans to serve retail users, banks, fintech firms, and corporate clients. It also aims to support tokenisation and digital asset management services.

MiCA deadline increases licensing pressure

The approval comes before the MiCA transition period ends on June 30, 2026. From July 1, 2026, unlicensed firms cannot offer regulated crypto services in Italy or the EU. As a result, firms have increased efforts to secure CASP approval.

MiCA creates a common licensing structure for crypto companies across the European Union. It covers asset custody, trading, transfers, and other regulated services. The framework also aims to improve consumer protection and market supervision.

Conio enters this phase with approval in place, while many firms still face regulatory reviews. The license may support its expansion into white-label services for banks and fintechs. It also gives institutions a regulated partner for crypto infrastructure.

Italy builds regulated crypto market

Italy has become more active in MiCA licensing as the deadline approaches. In May, Banca Sella became the first Italian bank to secure authorization under the framework. The bank plans to launch crypto custody and transfer services by the end of 2026.

Banca Sella also belongs to the Qivalis consortium, which includes 37 banks. The group works on a MiCA-compliant euro stablecoin for regulated digital payments. This effort shows how traditional finance continues to move into tokenized infrastructure.

Conio adds another major fintech name to Italy’s regulated crypto market. Its approval shows that banks and fintechs want compliant access to digital assets. The development places Italy among Europe’s more active MiCA markets.

Conio also plans to expand beyond basic retail crypto services. The company wants to support banks that need ready-made digital asset infrastructure. It also targets companies that want blockchain-based tools for asset management and tokenisation.

The approval gives Conio a stronger position before Europe enforces the new regime. It also reflects broader demand for regulated crypto services from traditional financial firms. As MiCA takes full effect, licensed firms will shape Europe’s next crypto market structure.

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