OSL EU wins MiCAR CASP approval from Austria FMA

OSL Group’s European unit, OSL EU, received authorization as a Crypto-Asset Service Provider from Austria’s Financial Market Authority (FMA) on July 9, 2026, under the EU Markets in Crypto-Assets Regulation (MiCAR). The license allows OSL EU to passport regulated crypto services across all 30 countries of the European Economic Area.

Under the FMA authorization, OSL EU is permitted to provide custody and administration of crypto-assets, spot trading, on- and off-ramp and conversion services, and the transfer of crypto-assets to institutional and eligible clients throughout the EEA. The Austrian legal entity is currently registered as CIGE vierte PGG GmbH and is expected to be renamed OSL EU GmbH.

Regulators reported that of more than 1,200 firms that held national registrations across the EU, roughly 210 — about 17% — obtained full CASP authorizations by the July 1, 2026 deadline. The remaining firms either exited EU markets or no longer have the legal right to serve EU clients.

OSL Group is listed on the Hong Kong Stock Exchange. A group subsidiary was among the first virtual-asset platforms licensed by Hong Kong’s Securities and Futures Commission. The group holds a MiCAR licence via a Netherlands subsidiary and recently obtained an Australian licence. OSL Group reports it holds or is pursuing more than 50 trading and payment licences worldwide.

Chagri Poyraz, chief strategy officer, noted: “MiCAR is the most demanding test the global crypto industry has faced, and the results are now on the record: fewer than one in five previously registered firms successfully transitioned to full CASP authorization.” Kevin Cui, chief executive, described the authorization as part of the group’s broader regulatory footprint, adding: “As the industry consolidates around the platforms that did the work properly, we intend to be one of the names that lasting trust is built on.” Marie Winter, managing director of OSL EU, stated: “Securing MiCAR authorization from the Austrian FMA requires institutional-grade governance, compliance infrastructure and operational controls. This authorization confirms that our framework meets the standard EU regulators set.”