The Italian Securities and Markets Authority (Consob) has issued a warning to Virtual Asset Service Providers (VASPs) in Italy, emphasizing the need to transition to Crypto Asset Service Providers (CASPs) under the EU's Crypto Asset Markets Regulation (MiCAR). VASPs registered with the Organismo Agenti e Mediatori (OAM) must apply for CASP status by December 30, 2025, to continue operations. Failure to comply will result in a prohibition on providing services by June 30, 2026. Consob advises investors to verify whether their VASPs intend to apply for CASP licenses and to ensure their service providers are registered with the European Securities and Markets Authority (ESMA) or OAM. Investors are entitled to request asset returns if their providers are unauthorized. Consob also mandates that VASPs not seeking CASP authorization must cease operations, close contracts, and refund user funds by the December deadline, while clearly communicating future plans or exit strategies to users. This directive aims to ensure a smooth transition to MiCAR compliance across the EU.