CoinFlip Wins Italy MiCA Approval as EU Transition Window Closes

CoinFlip has obtained a Markets in Crypto-Assets (MiCA) license from Italy's securities regulator, Commissione Nazionale per le Società e la Borsa (CONSOB), positioning the U.S.-based crypto platform to roll out services across the European Union under the bloc's new rulebook. The authorization lands as MiCA moves into its next stage. The EU's MiCA grandfathering period expired on July 1, meaning crypto-asset service providers (CASPs) serving EU clients must hold MiCA authorization or stop offering regulated services. The deadline underscores the push by firms to secure licensing under a single, harmonized regime. CoinFlip said the approval allows it to "passport" its crypto services across EU member states under MiCA, with its European headquarters set to be in Milan. The company described itself as Italy's first international crypto-asset service provider operating under the new framework. Chief executive Ben Weiss said the license creates a unified regulatory base for scaling CoinFlip's offering across Europe. Italy regional director Emanuele Carotti said it supports plans to expand the company's network across the continent. Regulators have also tightened expectations as the transition period ends. ESMA has told national authorities to ensure unauthorised providers put in place orderly wind-down plans and has urged investors to check whether their crypto service providers hold MiCA authorization before using their services. With the transition phase over, Europe's crypto market is moving away from a patchwork of national licensing regimes toward a single EU-wide framework, giving authorised firms cross-border access through passporting rights.