Deep Tide TechFlow news: On June 18, Reuters reported that Italian fintech company Conio has obtained a cryptocurrency asset service provider license in Italy under the European Union’s Markets in Crypto-Assets Regulation (MiCAR) framework. The license was approved after review by Italy’s securities market regulator and the Bank of Italy, allowing Conio to provide digital asset custody, transfer, and subscription services in line with EU regulatory standards.



The move comes as the MiCAR transition period is set to end before June 30, 2026. By then, unlicensed institutions will not be allowed to offer crypto asset-related services in Italy and the EU. Conio said it will in the future provide white-label solutions for retail investors, banks, and fintech companies, and will expand into tokenization and digital asset management-related businesses.
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