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title: Italy — Stablecoins & Digital Money | World Payments Monitor
canonical: https://payments.gi/jurisdictions/italy/w2/
publisher: Asymmetric Intelligence

### W2 Stablecoins & Digital Money 1 gap Confirmed confirmed 2026-07-04

Italy implements MiCA via D.Lgs. 129/2024, splitting supervision between CONSOB (lead NCA for CASP Title V authorisation) and Banca d'Italia (EMT/ART issuer authorisation under Title III and AML supervision). Italy's national MiCA transitional regime for pre-existing VASPs closed 30 June 2026 (extended from an original 30 December 2025 deadline via the Omnibus Law Decree 95/2025). By 1 July 2026 eight Italian firms held full CASP authorisation and Banca Sella became the first Italian bank to notify for crypto custody/transfer services.

Open gap — wpm-int-2 No Italy-specific stablecoin or digital-money regime development was found distinct from the crypto consumer's CONSOB/ESMA stablecoin item._Structurally absent for this jurisdiction; flagged only to satisfy the standing bias-correction checklist._

Standing sub-brief · as of 5 July 2026 153 words · last cycle 2026-07-04

#### Stablecoins & Digital Money

Italy's national transitional regime for pre-existing virtual-asset service providers under MiCA closed on 30 June 2026, having been extended from an original 30 December 2025 deadline via the Omnibus Decree 95/2025; eight firms held full CASP authorisation as of 1 July 2026, formally closing the transitional-entry window and crystallising the competitive set of regulated Italian crypto-asset service providers. Separately, Banca Sella completed its MiCA Article 60 credit-institution notification to Banca d'Italia on 27 May 2026, becoming Italy's first bank cleared for crypto custody and transfer services, a lighter-touch notification pathway distinct from the full CASP licence pure-play crypto firms require.

#### Outlook

With the transitional regime now closed, expect the competitive field to consolidate around the eight authorised CASPs and an expanding cohort of bank-notification entrants following Banca Sella's lead; the closed transitional window forecloses further transitional-regime entry, making full CASP authorisation or bank-partnership the only remaining routes to market.

no periodic updates on record for this sub-brief

** Sources and findings (5)**

1. T1 [https://www.esma.europa.eu/sites/default/files/2024-12/List_of_Competent_Authorities_notified_to_ESMA_under_MiCA.pdf](https://www.esma.europa.eu/sites/default/files/2024-12/List_of_Competent_Authorities_notified_to_ESMA_under_MiCA.pdf) Applies beyond this jurisdiction (EU) retrieved 2026-07-04
2. T3 [https://bebeez.eu/2026/07/01/eight-italian-firms-receive-the-micar-authorization-from-consob-and-banca-ditalia-to-operate-as-crypto-asset-service-providers/](https://bebeez.eu/2026/07/01/eight-italian-firms-receive-the-micar-authorization-from-consob-and-banca-ditalia-to-operate-as-crypto-asset-service-providers/) retrieved 2026-07-04
3. T3 [https://en.spaziocrypto.com/banks/banca-sella-italys-first-bank-cleared-crypto-mica/](https://en.spaziocrypto.com/banks/banca-sella-italys-first-bank-cleared-crypto-mica/) retrieved 2026-07-04
4. T3 [https://coinlaw.io/banca-sella-mica-approval-crypto-italy/](https://coinlaw.io/banca-sella-mica-approval-crypto-italy/) retrieved 2026-07-04
5. T3 [https://en.spaziocrypto.com/regulation/consob-casp-mica-italy-crypto-deadline-april-2026/](https://en.spaziocrypto.com/regulation/consob-casp-mica-italy-crypto-deadline-april-2026/) retrieved 2026-07-04