Italy — crypto regulation

Status: legal · Last reviewed 2026-11-05

MiCA member state, with CONSOB and the Bank of Italy as dual national competent authorities. Legislative Decree 129/2024 transposed MiCA with criminal penalties for unlicensed services. The OAM-register transitional regime expired on 30 June 2026, so from 1 July 2026 only MiCA-authorised CASPs may serve Italian clients. CONSOB actively flags unauthorised firms on ESMA's non-compliant register. The crypto capital gains tax rose from 26% to 33% in 2026, and market abuse fines reach EUR 5M.

Legislation

• Legislative Decree 194/2025 — DAC8 transposition (2025)
• Legislative Decree 129/2024 — MiCA Implementation (Decreto MiCA) (2024)
• Legislative Decree 95/2025 — VASP Transitional Extension (2025)
• Decreto Legislativo 90/2017 — AML Framework (AMLD4/5 Transposition) (2017)
• Budget Law 2025 — Crypto Tax Reform (2025)