31/08/25
Young Platform has announced plans for what it calls Europe’s first crypto-native neobank, designed under the EU’s MiCA regime. This move highlights how regulation is shaping digital finance — and why businesses should pay attention.
📝 MiCA & the regulatory foundation
Young Platform, founded in Turin in 2018, has submitted two pre-filing dossiers to Consob and the Bank of Italy, preparing for formal authorisation as a Crypto-Asset Service Provider (CASP). This follows the EU’s Markets in Crypto-Assets Regulation (MiCA), which entered into force on 30 December 2024. However, the application is phased: Member States, including Italy, have granted transitional windows for existing CASPs until 30 December 2025 to comply.
⚖️ A different model than “crypto-friendly” banks
Unlike neobanks that add crypto as an afterthought, Young Platform is embedding digital assets into the core banking model. The proposed offering includes crypto-denominated accounts, a debit card with rewards in its $YNG token, and regulated derivatives such as perpetual futures. This approach aligns directly with MiCA’s goal of harmonising rules for CASPs and token issuers, in contrast to the fragmented national frameworks that existed before.
💼 Implications for banking & finance
By combining vetted EU banking partners, blockchain-intelligence monitoring, and GDPR-compliant infrastructure, the project aims to integrate compliance into every layer. With Europe representing nearly 38 % of the global digital banking market, the rise of a crypto-native neobank could set a precedent for how finance, technology, and regulation converge across the sector.
Young Platform’s plans illustrate the growing importance of MiCA in shaping European digital finance. While regulatory approval is pending, the initiative signals how crypto-native services may transform banking models within the EU’s legal framework.
For financial institutions, fintech start-ups, and investors, the message is clear: understanding MiCA is not optional. NUR Legal advises clients across the EU on authorisation strategies, structuring, and ongoing compliance. Contact us to ensure your business is aligned with the fast-evolving regulatory landscape.
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Emil Korpinen