OSL Group received Austrian MiCAR authorization, one of only 17% of firms to convert. The license opens 30 EEA markets for custody and trading services.
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OSL Group, the Hong Kong-listed crypto firm, has received a MiCAR license from Austria's Financial Market Authority. The approval allows OSL to offer regulated digital-asset services across all 30 European Economic Area countries.
The license, granted under the EU's Markets in Crypto-Assets Regulation, covers custody, spot trading, on- and off-ramp conversion, and asset transfers. Only institutional and eligible clients get access.
The conversion rate tells a story. Of more than 1,200 previously registered firms, only about 210 made the jump – roughly 17%, the company said. OSL's application cleared the July 1, 2026 deadline.
The Austrian license adds to OSL's existing regulatory stack. Hong Kong's Securities and Futures Commission licensed its subsidiary as one of the first virtual-asset platforms in the city. The group also holds a MiCAR license in the Netherlands and approvals in Australia, the US, and Canada.
“Building on our Hong Kong foundation, our recent Australian license, and our authorisations across Asia and the Americas, this is what long-term, institution-grade infrastructure looks like,” said Kevin Cui, Executive Director and CEO of OSL Group.
For institutions, the license removes the need to deal with 27 separate national regimes. OSL can now establish European banking relationships and use local payment infrastructure. The harmonised framework cuts operational complexity for clients who require regulated custodians and counterparties.
The low conversion rate suggests the bar for compliance is high. Firms that failed to transition may face operational disruptions or market exits. For OSL, the license reduces regulatory uncertainty in Europe, though execution risk remains. Winning institutional clients in a region with incumbents like Coinbase and Bitstamp will require differentiating on service breadth and jurisdiction coverage.
OSL now holds regulatory authorisation in five jurisdictions across three continents. The next question is client uptake, not licensing.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.