Tokenization & crypto licensing in Italy
1 official register read, 20 entries from MEF Dipartimento del Tesoro / Comitato FinTech. 5 instruments from here are in our catalogue.
Buying crypto in Italy: what to know
Legal- CONSOB — MiCA competent authority for CASPs (investor protection)
- Banca d'Italia — MiCA competent authority (prudential, EMTs/ARTs)
- OAM — Former VASP registry (pre-MiCA)
- Agenzia delle Entrate — Tax authority
From 1 Jan 2026 crypto gains are taxed at a 33% substitute tax with no tax-free threshold; qualifying euro e-money tokens stay at 26%. Tokenized financial instruments are expected to follow the 26% securities regime.
Gains: 33% substitute tax from 2026 (26% until 2025); 26% for qualifying euro e-money tokens (MiCA EMTs)
- Even small gains are taxable since the €2,000 threshold was removed.
- Holdings must be reported annually in quadro RW, including on foreign platforms and self-custody.
- CONSOB regularly blocks unauthorised crypto websites.
Checked 2026-10-29 · Confidence: high · Sources: [1][2][3][4][5][6]
Not confirmed: 26% rate for qualifying euro EMTs under L. 199/2025 (secondary sources only) · Staking treatment (commentators' interpretation) · CONSOB website blocking claim
Compiled to the best of our knowledge from the sources linked. Information, not tax or legal advice. Rules change — check the linked official sources before acting.
Found an error or something out of date? Tell us at [email protected] — we check and correct it.
What the authorities publish — and what we read
Status: Public register, read. Every address below was loaded, not guessed. A register entry records that an authority licensed, registered or approved something; it says nothing about whether you may or should buy it.
| Authority | Register | Finding |
|---|---|---|
| CONSOB (DLT register-keepers, DL 25/2023 'Decreto Fintech'); MEF Dipartimento del Tesoro / Comitato FinTech (sandbox register; Banca d'Italia, CONSOB, IVASS supervise) | (1) Elenco dei responsabili dei registri per la circolazione digitale (art. 19 DL 25/2023). (2) Registro FinTech – operatori ammessi alla sperimentazione (sandbox) | Public register, read |
Registro FinTech — operatori ammessi alla sperimentazione (sandbox)
Sandbox participants · 20 entriesMEF Dipartimento del Tesoro / Comitato FinTech (Banca d’Italia, CONSOB, IVASS) · source · read 2026-10-14
| Register no. | Name |
|---|---|
| ADM CAPITAL SRL | ADM CAPITAL SRL |
| AINDO SPA | AINDO SPA |
| BIBANCA GRUPPO BANCARIO BPER | BIBANCA GRUPPO BANCARIO BPER |
| CBI SCPA | CBI SCPA |
| CETIF ADVISORY SRL – A | CETIF ADVISORY SRL – A |
| CETIF ADVISORY SRL – B | CETIF ADVISORY SRL – B |
| CETIF ADVISORY SRL – C | CETIF ADVISORY SRL – C |
| FLEAP SPA | FLEAP SPA |
| FLOWBE SRL | FLOWBE SRL |
| HABACUS SRL | HABACUS SRL |
| INTECS SOLUTIONS SPA | INTECS SOLUTIONS SPA |
| ITAS MUTUA | ITAS MUTUA |
| MOPSO SRL | MOPSO SRL |
| MSD SOLUTIONS SRL | MSD SOLUTIONS SRL |
| PERMICRO SPA | PERMICRO SPA |
| SANDBOX SRL | SANDBOX SRL |
| SARA ASSICURAZIONI SPA | SARA ASSICURAZIONI SPA |
| SIA SPA | SIA SPA |
| VIDYASOFT SRL | VIDYASOFT SRL |
| X CONSULTING SRL | X CONSULTING SRL |
In our catalogue: 5 instruments from Italy
4 live, 1 matured or ended.