CONSOB Authorizes YouHodler Italy as MiCA Crypto Service Provider

Italian financial markets supervisor CONSOB has authorized YouHodler Italy S.r.l. as a crypto-asset service provider (CASP) under the European Union's Markets in Crypto-Assets Regulation (MiCA) ¹. The authorization, approved via resolution 24156 on Oct. 8 following consultation with the Bank of Italy, permits the Rome-based subsidiary to operate under Regulation (EU) 2023/1114 and Legislative Decree 129/2024 ¹.

The license covers five distinct services: custody and administration of crypto-assets on behalf of clients, exchange of digital assets for fiat funds, exchange of crypto-assets for other digital tokens, client order execution, and crypto-asset transfer operations ¹. As a regulated CASP, YouHodler Italy must comply with MiCA's investor protection mandates, including segregation of client assets, enhanced governance, security standards, pre-contractual disclosures, and formalized complaints handling ¹.

Italian Market Consolidation

The authorization arrives amid a sharp contraction in Italy's registered crypto service ecosystem ¹. According to YouHodler Italy Chief Business Officer Lorenzo Barbantini Scanni, the conclusion of the transitional regime in June reduced the Italian market to nine authorized firms, down from approximately 140 operators formerly listed on the Organismo Agenti e Mediatori (OAM) register ¹. Italy currently counts roughly 1.7 million crypto-asset holders ¹.

The move also aligns with a broader push by European platforms to secure member-state approvals before cross-border passporting ¹². Earlier in the month, BingX EU Secures MiCA License From Austria's Financial Market Authority to cover European Economic Area markets ². YouHodler confirmed it plans to use EU passporting mechanisms to extend Italian-regulated services across all 27 EU member states ¹. At the time of writing, the broader digital asset market was steady, with $BTC trading at $82,414 and total crypto market capitalization at $2.75T.