Woofun AI reports that Italian crypto fintech firm Conio has secured a crypto asset service provider (CASP) license under the EU’s Markets in Crypto-Assets (MiCAR) regulation. Backed by Poste Italiane and Banca Generali, the company received authorization following a rigorous review by the Italian Securities and Exchange Commission (Consob) and the central bank. This license empowers Conio to offer critical services including digital asset custody, transfers, and distribution within the regulated framework.

The approval arrives as the industry approaches a critical juncture; the MiCAR transition period concludes on June 30, 2026. After this date, entities without proper licensing will be barred from providing crypto services across Italy and the broader European Union, intensifying the race for regulatory compliance among market participants.