Blocktrade review: Company begins MiCAR authorization process to operate as licensed crypto-asset service provider in Italy
Blocktrade has officially announced that it has initiated the regulatory process required to obtain authorization to operate in Italy under the EU Markets in Crypto-Assets Regulation (MiCAR). The company, currently registered under number PSV 71 in the OAM registry of virtual-asset service providers, stated that it intends to submit its full authorization application to supervisory authorities no later than December 30, 2025.
- Chosen by 3 200+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
According to Blocktrade, the procedure is already underway and involves implementing all requirements set out by MiCAR to ensure full compliance for the provision of crypto-asset services. The company emphasizes that its goal is to develop an organizational framework that guarantees transparency, fairness and strong customer protection in line with regulatory expectations.
Preparing for full MiCAR compliance
Blocktrade explains that the transition toward MiCAR authorization includes strengthening internal processes, aligning operational standards with EU rules and adapting customer-facing services for a fully regulated environment. The company notes that MiCAR establishes a harmonized framework for crypto-service providers across the European Union, and securing approval will enable Blocktrade to operate under this unified system.The firm highlights that the ongoing preparations focus on meeting all obligations required for crypto-asset activities, including governance, security, risk management and customer-protection standards.
Services continue under existing rules until authorization is granted
Until the authorization is either approved or denied, Blocktrade will continue operating under Italy’s existing regulatory framework for virtual-currency service providers and digital-wallet operators. The company clarifies that any services provided during this interim period are not yet subject to MiCAR rules, and remain governed by current national regulations.Blocktrade reiterates that client services will proceed without interruption while the authorization request is being evaluated, unless a regulatory decision requires the company to cease operations.
We also reported that Libertex earns nomination for Best Crypto CFD Provider.
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