Crypto Asset Service Provider License in Austria

• Custody and administration of crypto-assets
 • Operation of crypto exchanges (crypto-to-fiat and crypto-to-crypto)
 • Execution of orders for clients
 • Placement or marketing of crypto-assets
 • Transfer and settlement of crypto-assets
 • Providing advice on crypto-asset investments

• Austrian legal entity (GmbH or AG)
 • Fit & proper management and shareholders
 • Minimum capital (risk-based, typically EUR 125,000+)
 • Physical office and presence in Austria
 • AML/CTF framework under FM-GwG (Austrian Anti-Money Laundering Act)
 • Compliance with MiCAR operational, disclosure, and safeguarding standards

• AML/CTF Compliance Officer and Deputy
 • Risk & Internal Control Officer
 • Finance/Accounting Officer
 • IT & Security Manager
 • At least one managing director resident in Austria

• Custody/wallet core: hot/cold/MPC or HSM, client asset segregation, on-chain reconciliation.

• Exchange & brokerage: OMS/EMS, matching/settlement, fiat ramps, fee engine, reconciliations.

• Transfers & Travel Rule: VASP-to-VASP info sharing (e.g., IVMS-101), sanctions checks.

• MiCA conduct & reporting: complaints/IDR, conflicts register, marketing archive, FMA incident & periodic returns.

• Security & resilience: IAM/MFA, logging/SIEM, encryption/HSM, backups, DR/BCP; outsourcing controls (DORA aligned).

• Data & records: DMS, e-signature, GDPR retention; APIs/webhooks with monitoring & alerting.

Valid in Austria; passportable across all EU/EEA countries under MiCAR framework once authorization is granted.

• Corporate Income Tax: 25%
 • Capital gains on crypto assets: 27.5%
 • VAT: exempt for most financial/crypto services
 • Withholding Tax: 25–27.5% (reduced by treaties)

• Corporate bank accounts with Austrian or EU banks
• Segregated client/custody accounts
• Possible integration with EMIs and payment institutions for crypto-fiat flows