On June 20, Reuters reported that Conio, an Italian crypto fintech company supported by Poste Italiane and Banca Generali, has obtained a crypto asset service provider (CASP) license under the EU MiCAR framework in Italy. The authorization was granted after review by Italy's Consob and the central bank, allowing Conio to offer services such as digital asset custody, transfers, and allocations. The report states that the MiCAR transition period will end on June 30, 2026, after which companies without a license will be unable to provide crypto services in Italy and the EU.