Italy Filed 95% of the EU's Register of Unlicensed Crypto Firms

Italy's market regulator filed 179 of the 188 entries on the EU's register of unlicensed crypto firms, an FM Intelligence analysis published today (Wednesday) shows.

Authorities in four other countries supplied the remaining nine.The European Securities and Markets Authority (ESMA) keeps the list under the Markets in Crypto-Assets Regulation (MiCA).

The law's transition period ended on July 1 for providers without a license.It is the only EU-wide public record of firms that national supervisors say serve clients without authorization, and it is mostly a record of one supervisor's work.Banks, payment firms and brokers that screen counterparties against it draw on five of the 30 European Economic Area (EEA) states, according to FM Intelligence's review of ESMA's October 29 file.London's trading industry is coming home!Italy's Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered internet providers to black out unauthorized financial websites since 2019.

Its tally reached 1,861 sites on October 29, 250 of them tied to crypto-assets, according to the regulator.A supervisor that already names domains in bulk may find it easier to pass them on to ESMA, the analysis said.Germany Leads on Licenses and Files No EntriesGermany sits at the other end.

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