OSL Group wins Austria MiCAR license for EEA crypto services
The approval gives OSL's European unit passporting rights across the 30-country EEA and expands the group's regulated footprint alongside its Hong Kong licensing base.
OSL Group said its European subsidiary, OSL EU, has secured authorization from Austria's Financial Market Authority under the EU's Markets in Crypto-Assets Regulation, allowing it to operate as a crypto-asset service provider and passport services across all 30 countries of the European Economic Area. The company said the approval covers custody and administration of crypto-assets, spot trading, on- and off-ramp and conversion services, and crypto transfers for institutional and eligible clients. OSL framed the milestone as significant because MiCAR's 1 July 2026 transition sharply narrowed the field of authorized firms: of more than 1,200 crypto companies previously registered nationally across the EU, about 210, or roughly 17%, converted to full CASP authorization by the deadline. The group said the new approval adds to its regulated footprint spanning Hong Kong, Australia, the United States, Canada and other markets, and complements an existing MiCAR license in the Netherlands held by subsidiary EU Internet Ventures B.V.
- MiCAR: The EU's Markets in Crypto-Assets Regulation, a bloc-wide framework for licensing and supervising crypto firms.
- Crypto-Asset Service Provider: A firm authorized to provide regulated crypto services such as trading, custody and transfers under EU rules.
- passport: A mechanism that lets a firm use one authorization to offer services across the wider EEA market.