Conio Secures EU MiCA License Before Compliance Deadline

An Italian financial technology company, Conio, has obtained authorization to operate as a crypto-asset service provider under the European Union's Markets in Crypto-Assets (MiCA) regulation ahead of a key compliance deadline. The authorization, granted by Italian regulators Consob and the Bank of Italy, allows Conio to provide regulated digital asset custody, transaction processing, and placement services within the EU.

The license arrives just before the MiCA transitional period concludes on June 30, 2026. Starting July 1, firms offering regulated crypto services in the EU must be fully authorized. This deadline has accelerated licensing efforts across the bloc. Conio, which is backed by Poste Italiane and Banca Generali, now enters this new regulatory phase with its authorization secured, while many competitors remain under review.

The authorization enhances Italy's position within Europe's evolving compliant digital asset ecosystem. In May, Banca Sella became the first Italian bank to receive MiCA authorization, with plans to launch crypto custody and transaction services later this year. Banca Sella is part of the Qivalis consortium, a group of 37 banks developing a...