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Enterworld offers an excellent MiCAR License in Austria. Here’s how Enterworld extend support:
4 to 6 Months
MiCA License
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Travel Required
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Bank Opening
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Remote Process
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The Class 1 CASP Markets in Crypto Assets Regulation (MiCA) license is applied for crypto-related services such as execution of orders, placement, transfer services, reception and transmission of orders, portfolio management services and investment advice.
For this license class, you will need a minimum capital of EUR 50,000. Additionally, CASPs must have a physically registered office within Austria and pay a government fee of 3,000 EUR.
The Class 2 CASP license in Austria is for crypto service providers, such as crypto-asset service providers authorized for any Class 1 service, including custody and exchange of crypto-assets for fiat or other crypto-assets. The minimum capital required for this class license is EUR 125,000, and a government fee of 8,000 EUR.
You will also need to conduct both internal and external audits locally and comply with DORA requirements.
The Class 3 CASP license in Austria includes a crypto-asset service provider authorized for any Class 1 or Class 2 service and operation of a crypto-asset trading platform. This license class will need to deposit a minimum capital of EUR 150,000 and a government fee of 10,000 EUR.
Obtaining this license will require you to have a registered office in Austria and comply with the regulations of the Austrian Financial Market Authority (FMA).
Austria’s CASP license aligns with the MiCA framework, providing a transitional period. The timeline to implement the CASP license in Austria is as follows:
On June 30th, 2024, the crypto requirements related to electronic money tokens (EMTs) and asset-referenced tokens (ARTs) became applicable across the EU, including Austria.
On December 30th, 2024, the MiCA regulations have been fully applied to all businesses conducting crypto business activities with a CASP license across the EU and Austria.
On December 30th 2024, Austria introduced a transitional period that allows existing CASP-licensed businesses to operate under current regulations until December 31st 2025.
Obtaining a crypto license in Austria under MiCA involves more than meeting core authorization requirements. Businesses must also address national supervisory expectations, AML obligations, and operational readiness to operate sustainably in the Austrian market. Key post-authorization and preparatory considerations for Austria crypto license include:
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While not mandatory, early engagement with Austria’s Financial Market Authority (FMA) is a best practice. Pre-application discussions help clarify regulatory expectations, timelines, and licensing scope.
CASPs must evidence strong governance, conflict-of-interest policies, and internal controls to the FMA, demonstrating long-term regulatory commitment.
In addition to MiCA, businesses must comply with Austria’s existing AML regime and EU Travel Rule obligations. KYC and transaction monitoring systems should seamlessly integrate both frameworks.
MiCA requires comprehensive ICT risk management, cybersecurity controls, and incident reporting mechanisms with defined timelines.
A MiCA license in Austria enables passporting across EU Member States without additional licensing. Strategic market mapping and expansion planning are essential to leverage this benefit.
MiCA compliance involves legal, operational, and supervisory costs. Annual budgeting helps prevent disruption during transition and ongoing operations.
For asset-referenced or e-money tokens, the white paper is the primary disclosure document. Beyond MiCA templates, issuers should reflect local investor protection and risk disclosure expectations.
MiCA enforcement is stringent. Penalties may include significant fines based on turnover or fixed monetary thresholds, depending on the nature of the breach. Regular audits and issue tracking are essential risk-management tools.
LMiCA License in Austria Services by Enterworld
Who Needs to Apply for a MiCA License in Austria?
Crypto Exchange Services
Trading Platforms
Brokers and Liquidity Providers
Crypto Investment Advisory
Portfolio Management Firms
Custodial Services
Wallet Providers
Issuers of Asset-Referenced Tokens (ARTs)
Issuers of E-Money Tokens (EMTs)
Top Reasons to Choose Enterworld
Why Trust Enterworld for Crypto Asset Services Provider license in Austria?
FAQs on Crypto Asset Services Provider license in Austria
Yes, the cryptocurrency and crypto trading business is legal in Austria. It is highly regulated at both the national and the EU level by MiCA regulations. All the crypto service providers will therefore have to adhere to the regulations and ensure strict compliance with the AML/KYC and tax reporting rules.
The MiCA license, referred to as the Markets in Crypto-Assets in Austria, allows Crypto-Asset Service Providers (CASPs) to legally operate as a licensed service provider and provide crypto services within Austria, and enables a passporting system to offer services even across the EU.
The step-by-step process required to apply for a MiCA license in Austria is as follows:
Yes, Austria is a crypto-friendly country as it offers a clear and EU-aligned regulatory framework. The country offers a legal status for crypto businesses and provides excellent support for innovative crypto business ideas.
Yes, crypto trading is taxed in Austria under the special tax system introduced in 2022. The standard tax rate for crypto trading in Austria is 27.5%. This tax rate applies to selling cryptocurrency for fiat currency, using cryptocurrency to pay for goods or services and exchanging one cryptocurrency for another.
The CASP license will require applicants to submit extensive documentation and information on the business idea and model to the Austrian FMA, which will require at least 4 to 6 months. However, the exact timeline will be based on the specific crypto business activity.
The overall cost of obtaining a MiCA license will vary based on the complexity of the application and on the specific services provided. The following are the key cost drivers for a MiCA license in Austria:
Under MiCA, the crypto travel rule is the transfer of a similar rule from the traditional finance sector to transfers done in crypto. The rule entails that the details of every asset’s source and the beneficiary owners’ information must be transferred along with the transaction. Additionally, the information must be stored on both sides.
Numerous types of activities require a MiCA license in Austria, such as exchange services, advisory services, custody and administrative services, portfolio management, issuance of new crypto-assets and crypto-fiat payment services.
To make sure that your MiCA license is not rejected, you will need to ensure that the following requirements are followed:
The main regulatory laws for the MiCA license in Austria involve MiCA Regulation (EU 2023/1114), Austrian Anti-Money Laundering Act (AML Act) and MiCA Enforcement Act (MiCA-Verordnung-Vollzugsgesetz).
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