Italy draws a red line for virtual asset platforms: Transform by the end of next year or shut down

LiquidityWitch · 2025-12-05T05:52:22+00:00

The Italian securities regulator has issued a final ultimatum to virtual asset platforms, requiring them to submit applications and upgrade to licensed crypto asset service providers by December 30, 2025. Platforms that do not apply must handle user funds and clarify their operating status to comply with the implementation of the EU's new MiCAR regulations and ensure market stability.

LiquidityWitch

2025-12-05 05:52:22

Abstract generation in progress

[BlockBeats] The Italian securities regulator has just made a major move—issuing a final ultimatum to virtual asset platforms that are still on the sidelines.

According to the new EU regulation (MiCAR), virtual asset service providers registered with Italy’s OAM need to hurry up. Want to keep operating? You must submit an application to become a fully compliant crypto asset service provider by December 30, 2025. Miss this deadline, and you’ll have to cease operations immediately, or at the latest, shut down by the end of June 2026.

The regulator is also being considerate and has given investors a few pointers: • Quickly check if your platform plans to apply for a new license • Look up your platform in the official ESMA or OAM lists to see if it’s compliant • If the platform hasn’t obtained authorization, you have the full right to request withdrawal of your assets

For platforms that do not intend to apply for a license, the regulator’s stance is clear: by December 30, they must properly handle all user funds and contracts—process withdrawals and transfers as needed, and no stalling. At the same time, platforms must clearly inform users whether they will continue operations or plan to exit—there needs to be a clear explanation.

This move is essentially to facilitate the official implementation of MiCAR across the EU, ensuring a smooth and stable market transition.

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GhostChainLoyalist

· 2025-12-08 05:52

Another wave of platforms is about to go under, and Italy is done playing this time. If they don't become compliant by the end of the year, they'll be shut down—sounds pretty final. Quickly move your assets out; don't wait until the platform runs away and regret it later. The MiCAR regulations really are forcing smaller platforms to either upgrade or get out—it's a reshuffling of the industry. Guys, check if your platform is on the ESMA list, don't get stuck. European regulators are tough, unlike some countries that are still figuring things out.

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GetRichLeek

· 2025-12-07 10:39

Here comes another wave of regulatory crackdowns. Europe really doesn’t mess around... By the way, I still have some positions in Italy, I need to quickly check if the platform I use is on the list, otherwise I’ll take a huge loss.

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0xSleepDeprived

· 2025-12-07 07:40

Another round of excuses to rip off retail investors, this time under the banner of compliance. Italy is playing this game well, forcing platforms to either upgrade or die. Honestly, who these days would actually bother to apply for this crappy license? Can exchanges really not run away? Just wait, they'll all have to shut down anyway. I just want to know when we'll see this happen in our own country. Feels like this is just a regulatory show, and in the end, it's still the big fish eating the small fish. Here comes another round of chaos—what am I supposed to do with my assets? Just transferring them out will take ages. Who does Europe want to mess with using this MiCAR thing? Anyway, the small platforms are finished. What do the regulators even want? Might as well just ban everything instead of playing these games.

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MissedTheBoat

· 2025-12-05 06:22

Here comes another urgent reminder. Italy is really showing no mercy this time—if you don't become compliant by the end of 2025, they'll just shut you down directly... I need to quickly check which platforms my assets are on.

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SignatureVerifier

· 2025-12-05 06:22

ngl, another regulatory deadline nobody's actually ready for... italy's basically saying "comply or gtfo" and half these platforms probably haven't even audited their tech stack yet. suspicious implementation all around tbh

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gas_fee_trauma

· 2025-12-05 06:22

Another major purge is happening, this time it's Italy's turn, really can't hold on anymore. Withdrawing coins before a platform runs away is standard procedure, right? What happened to those non-compliant platforms from last year? Are they still alive now? MiCAR regulations are getting stricter and stricter. Who's the next unlucky one? A cleanup was long overdue—there are way too many sketchy platforms. Wait, my coins are on a platform registered with the OAM. I’d better check the list ASAP.

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MiningDisasterSurvivor

· 2025-12-05 06:09

I've been through it all; yet another platform is about to collapse. That round of heavy-handed regulation already hit hard back in 2018.

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AlwaysMissingTops

· 2025-12-05 06:06

Haha, Italy is really going hard this time—no transition, just shutting down directly. Those old joke platforms must be panicking. --- Here comes another round of purging small platforms. Better check where my coins are stored ASAP. --- If you don’t apply before the end of 2025, you have to shut down? That’s some harsh regulation. Luckily, I bailed early, haha. --- The MiCAR stuff is pretty strict, but for truly compliant platforms, it should actually be a good thing, right? --- I just want to know how many platforms will actually apply. Feels like most of them are just waiting to be shut down. --- Better check the OAM list quickly—don’t want my assets frozen on some sketchy platform. --- Compliance costs are way too high. At this rate, small platforms won’t survive at all. Looks like a big-fish-eats-small-fish scenario is coming. --- Italy’s approach is still pretty mild. Compared to the US just chopping heads off, they’re being polite. --- But on the other hand, letting investors proactively request transfers of their assets is kind of interesting—they’re actually giving some rights.

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