Italy has issued a stern warning to cryptocurrency firms operating within its jurisdiction: comply with the upcoming Markets in Crypto-Assets (MiCA) regulation deadline by the end of the year or face closure. This ultimatum underscores the Italian government's commitment to enforcing the comprehensive EU-wide regulatory framework designed to bring clarity and consumer protection to the crypto sector. Firms failing to meet the compliance standards set forth by MiCA risk having their operations suspended, as authorities aim to eliminate unregulated entities from the market. The deadline serves as a critical checkpoint for service providers to align their business practices, capital requirements, and governance structures with the new European standards.