Wire · regulatory
Distribution of responsibilities between Consob and Banca d'Italia under MiCAR
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Fusion42 · 18 August 2026 · Fusion42 review
Consob and Banca d’Italia have clearly defined responsibilities under the MiCAR regulation for supervising crypto-asset markets, with Consob focusing on market transparency and conduct, and Banca d’Italia on prudential supervision and financial stability, including anti-money laundering aspects.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You face a new division of regulatory duties in Italy’s crypto market that changes who you deal with for compliance and crisis issues. Aligning your operations with Consob for market conduct and Banca d’Italia for prudential rules will unlock smoother market access.
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1 source · 18 Aug 2026
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