TechFlow news, December 5 — On December 4, 2025, the Italian Securities and Exchange Commission (Consob) issued an urgent notice reminding investors and operators that virtual asset service providers (VASPs) must apply to become crypto-asset service providers (CASPs) by December 30, 2025, or face suspension of operations. Entities that have submitted applications may continue operating until a decision is made, but no later than June 30, 2026. Consob urges investors to immediately verify the compliance status of their investment platforms and requires VASPs that have not applied for conversion to terminate existing contracts, return client assets, and cease all services.
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