Banca d’Italia issued direct instructions on September 7, 2026, to all crypto asset service providers (CASPs) operating within Italian territory. Every crypto transfer processed by exchange platforms must be thoroughly screened against applicable sanctions lists, regardless of how small the transaction value is. The central bank strictly prohibited service providers from setting minimum thresholds in their screening systems. The new requirement demands surveillance systems capable of detecting transfers as small as 1 euro without exception.
This legal reminder is rooted in regulations that have been binding since December 30, 2025. The framework draws directly from European Banking Authority (EBA) guidelines governing the obligation to establish internal policies, procedures, and controls for implementing European Union restrictive measures. The Italian central bank officially adopted the EBA guidelines through the issuance of Note No. 52, signed on May 19, 2025.
Targeting Crypto Structuring Tactics
To curb the risk of capital flight, the central bank’s move directly targets transaction arrangement tactics, commonly known as “structuring.” Sanctioned entities often evade supervisory radar by splitting large transfers into a long series of micro-transactions. By enforcing screening across every single monetary amount down to the smallest fraction, the loophole for sanctioned actors to move assets across Italian borders is now tightly shut.
As a solution to manage transfer volumes with no minimum threshold, authorities permit crypto firms to rely on operational automated systems. These computerized systems handle rapid daily scanning to cross-match thousands of customer identities and per-second transaction flows against the latest European sanctions databases. Manual reviews are only triggered when the algorithm detects potential matches in identities or wallets that require confirmation from compliance analysts.
Timing Exemptions That Do Not Apply to Crypto
Different financial services face different compliance standards under Italian authorities. In instant payment facilities, traditional banking institutions are still allowed the flexibility to screen their entire customer base just once a day. However, sanctions screening timing exemptions strictly do not apply to the digital asset ecosystem.
The supervisory mandate comes amid a sluggish licensing process for crypto industry players across Europe. Although the MiCA transition grace period has passed, more than 1,000 crypto service providers operating in the European Economic Area (EEA) reportedly still lack full operating licenses. Banca d’Italia emphasized that sanctions enforcement stands entirely separate from MiCA authorization, meaning that possessing EU legal status does not alleviate the burden of daily transfer screening across blockchain networks.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
