CheckSig first crypto operator authorised in Italia by Consob

CheckSig has obtained the MiCAR licence, becoming the first crypto operator authorised in Italia under the new European regulation. The news represents an important moment for the entire Italia cryptocurrency sector cryptocurrencies. The market enters a more mature and regulated phase. MiCAR introduces much stricter standards for crypto operators. Companies must demonstrate operational soundness, transparency and reliability. Strict internal controls and advanced compliance procedures are required. There is also a growing focus on cyber security and the protection of digital assets. Client funds must be custodied with stricter criteria than in the past. The simple OAM register is no longer sufficient to operate in the sector. With MiCAR, a real European authorisation is needed. CheckSig, legally followed by the law firm Conso & Annunziata, has been working for years in the bitcoin and digital asset world with an institutional focus. The company is mainly active in custody and bitcoin treasury services.

The authorisation obtained strengthens the company's credibility. Banks and family offices are also watching the crypto sector with increasing interest. Regulation helps to reduce some of the uncertainty that has characterised the sector in recent years. MiCAR aims to create uniform rules throughout the European Union. An authorised CASP can also offer services in other EU countries via European passporting. This creates new opportunities for international expansion. Italia is thus trying to catch up with other European markets that are already more advanced in terms of regulations. France and Germany have accelerated greatly in recent years on the issue of crypto licensing. The licence obtained by CheckSig could now also act as a trailblazer for other Italian operators. The sector is therefore entering a phase of consolidation and natural selection. Governance, professionalism and compliance capabilities become central elements to compete in the European market. For the Italia crypto sector, this is a strong signal of maturation and institutionalisation.

Ferdinando Ametrano, CEO of CheckSig, said: 'This achievement represents the realisation of our vision: to bring crypto-assets into a regulated, secure and transparent system.