OSL Group said on Thursday that its European subsidiary had received Crypto-Asset Service Provider authorization from Austria’s Financial Market Authority under MiCAR. The FMA’s administrative decision was dated July 7.
The authorization gives OSL EU the ability to passport its regulated crypto-asset services from Austria throughout all 30 EEA countries. Services covered include custody and administration of crypto-assets, exchange of crypto-assets for funds and for other crypto-assets, and transfer services on behalf of clients.
The legal entity named in the FMA notice is CIGE vierte PGG GmbH. OSL said a rename to OSL EU GmbH is underway.
The approval arrives just after the July 1 MiCAR transition deadline, when full CASP status became the dividing line for serving EU clients under the new regime.
“This authorization confirms that our framework meets the standard EU regulators set, and it lets OSL Group operate consistently and predictably across the European market from day one,” said Marie Winter, Managing Director of OSL EU.
OSL said the Austrian authorization builds on a MiCAR licence that another group subsidiary, EU Internet Ventures B.V., holds in the Netherlands, and adds European regulatory coverage to the company’s Hong Kong licensing base.
