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Country MiCA guideIT · ItaliaNCA: CONSOB

MiCA in Italy — 2026 Implementation Guide

How MiCA (Regulation (EU) 2023/1114) applies in Italy: the national competent authority (CONSOB jointly with Banca d'Italia (prudential)), transitional window, national-tax interplay, and the MiCA-licensed providers ChainChoice recommends for Italy-resident users.

Written and reviewed by Founder
Published
Audit receipt#cc-MICA-COUNTRY-ITALY-b0e7c491 Methodology §3
Direct answer

How does MiCA apply in Italy in 2026?

CONSOB is the national MiCA authority for Italy. The transitional window for previously-licensed CASPs closes 2026-06-30. National tax framework: Capital gains regime — 26% flat rate (post-2023 reform). Top MiCA-licensed providers for Italy retail: Coinbase, Bitvavo, Kraken.

Source:Audit receipt #cc-MICA-COUNTRY-ITALY-b0e7c491 Methodology

National Competent Authority: CONSOB

Commissione Nazionale per le Società e la Borsa
CONSOB is the Italian securities regulator and MiCA national competent authority for conduct of business. Banca d'Italia jointly supervises prudential aspects of MiCA-licensed CASPs.

Transitional window

2026-06-30
End of transition
Italy kept the full 18-month transitional period, to 30 June 2026, for crypto firms on the OAM register that applied for MiCA authorisation by 30 December 2025 (ESMA's list of grandfathering periods). CONSOB and the Banca d'Italia supervise jointly.

Key dates

2024-12-30
MiCA full application across Italy; the EU Travel Rule applies to crypto-asset transfers
2026-04-27
Banca Sella: the first Italian MiCA authorisation in ESMA's interim register
2026-06-30
Italian transitional period ends (18 months)

Italy crypto tax framework

MiCA harmonises CASP licensing; tax remains country-specific. This is how Italytaxes crypto holdings and dispositions in 2026, interacting with the EU-wide MiCA + DAC8 framework.

Capital gains regime — 26% flat rate (post-2023 reform)
Crypto capital gains are taxed at 26% flat rate (raised from 2023 to align with general capital-gains treatment of financial assets). Annual exemption of €2,000 per fiscal year was eliminated in the 2023 tax reform. Italian residents must report holdings on Quadro RW of the income-tax return for crypto held outside Italy, including on EU exchanges.
Rate: 26% flat capital gains
Holding exemption: No holding-period exemption
Form: Quadro RT (capital gains) + Quadro RW (foreign holdings)

Recommended MiCA-licensed providers for Italy retail

3 MiCA-licensed CASPs for Italy-resident users, selected for this guide on audience match, tax-workflow compatibility, language support and regulatory clarity, and listed in the order of the published exchange ranking. Affiliate economics play no part in either.

Coinbase
MiCA-licensed via the CSSF (Coinbase Luxembourg S.A.). Italian-language UI, strong brand recognition with Italian retail.
Bitvavo
MiCA-licensed via the AFM. Low-fee trading for Italian active traders.
Kraken
MiCA-licensed via CBI. Pro-trading platform with Italian-language support.

FAQs for MiCA in Italy

What is Quadro RW and do I need to file it for crypto?
Quadro RW is the Italian declaration of foreign-held financial assets, required as part of the annual income tax return. Italian residents must report crypto holdings held outside Italy (including on EU exchanges like Bitvavo, Coinbase Luxembourg, Kraken Ireland) on Quadro RW. This is a reporting obligation, not necessarily a tax one — the actual tax liability is separately calculated.
Did Italy change crypto tax rules in 2023?
Yes. The 2023 Italian tax reform eliminated the previous €2,000 annual exemption on crypto capital gains and brought crypto under the 26% flat capital-gains rate that applies to other financial assets. The change was significant for active crypto users in Italy.
Which Italian crypto-asset service providers were registered before MiCA?
Before MiCA, Italian crypto-asset service providers registered with the Organismo Agenti e Mediatori (OAM) for AML purposes. These registered firms have until mid-2026 to complete full MiCA authorisation. Several Italian crypto firms have either applied for MiCA or partnered with EU-passported alternatives.

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