Title V of MiCAR outlines provisions for crypto-assets services carried out by new service providers, who must be specifically authorized entities (so-called “Specialized CASPs”, i.e. crypto-asset service providers which are not already subject to a special regulation by virtue of their status as already supervised entities) as well as by financial intermediaries. Specifically, financial intermediaries (already supervised) may provide certain services upon simple notification to the competent authority (so-called "notifiable" services) while other services will require authorization (so-called "non-notifiable" services).

The application for authorization as a crypto-asset service provider and the related procedure are specified in Articles 62 and 63 of MiCAR, while the notification of the starting date of the provision of crypto-asset services by supervised intermediaries and the related procedure are specified in Article 60 of MiCAR.

The European Commission will publish the Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) to specify the information required in the application for authorization and in the notification, as well as to establish the relevant formats, templates and standard procedures.

“Specialized CASPs” must obtain authorization from Consob, following the opinion of the Bank of Italy. Entities already authorized must notify the relevant Authority that granted the authorisation.