Woofun AI reports that Italian fintech firm Conio has been granted a European Union crypto asset service provider license. This regulatory approval enables the company to offer custody, transfer, and distribution services for digital assets in compliance with the Markets in Crypto-Assets (MiCAR) framework.

The authorization was issued following a comprehensive review conducted by the Italian market regulator Consob and the Bank of Italy. This development marks a significant step for Conio in expanding its operational capabilities within the regulated European digital asset market.