The Austrian FMA has authorised OSL EU as a Crypto-Asset Service Provider under MiCAR, placing OSL among the minority of firms to clear Europe's new rulebook. EY Law advised OSL throughout the authorisation process.
VIENNA, 9 July 2026. OSL Group (HKEX: 863), a global stablecoin payment and trading platform, today announced that its European subsidiary, OSL EU*[1], has been authorised as a Crypto-Asset Service Provider (CASP) under the Markets in Crypto-Assets Regulation (MiCAR) by the Austrian Financial Market Authority (FMA). OSL was advised throughout the licensing process by EY Law (Pelzmann Gall Größ Rechtsanwälte), on regulatory strategy, the preparation of the application package, and the process before the FMA. The authorisation lets OSL EU passport regulate crypto-asset services across all 30 countries of the European Economic Area.
The authorisation places OSL in a small group. Of more than 1,200 crypto firms that held national registrations across the EU, only about 210, roughly 17%, secured full CASP authorisation under MiCAR by the 1 July 2026 deadline, with the remainder exiting or losing the right to operate. Several of the industry's largest names are not among those authorised. OSL EU is in that minority and among the platforms authorised by the FMA, which has become one of Europe's most credible venues for regulated digital assets.
"MiCAR is the most demanding test the global crypto industry has faced. Fewer than one in five previously registered firms cleared it, and several of the largest names in the industry did not," said Chagri Poyraz, Chief Strategy Officer of OSL Group. "Securing this authorisation is evidence that OSL's governance, controls and compliance hold up under a regulator's scrutiny, the standard we hold ourselves to from our Hong Kong base outward. We are grateful to Martin Hanzl and the EY Law team, whose command of the MiCAR framework guided us through a genuinely demanding process."
"MiCAR will define the future of the European crypto market, and the firms that treated regulation as an opportunity rather than an obstacle are the ones now positioned to lead," said Dr. Martin Hanzl, Partner at EY Law. "OSL EU's authorisation shows that innovation and regulatory excellence can go together. It was a pleasure to advise a group that approached the process with genuine institutional seriousness."
What the authorisation enables
Under the FMA authorisation, OSL EU may 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 across the EEA. MiCAR replaces 27 national regimes with a single harmonised authorisation that passports across the bloc, allowing OSL EU to operate consistently from its Austrian base, build European banking relationships, connect to local payment rails, and serve enterprise counterparties who require a fully regulated partner.
The European authorisation extends one of the broadest regulatory footprints in the sector. OSL operates under regulated frameworks across Asia, Australia, the United States, Canada and now Europe, and holds or is pursuing more than 50 licences worldwide.
A pivotal moment for the European market
MiCAR's transition period closed on 1 July 2026. Regulators have confirmed there is no interim status and no extension, and the market that emerges will be more concentrated and more institutional, organised around the single rulebook and the licensed platforms operating under it. OSL EU's authorisation places the group on the regulated side of that transition and reflects its long-term investment in Europe.
About OSL Group
OSL Group (HKEX: 863) is a global stablecoin payment and trading platform that strives to provide compliant and efficient digital financial infrastructure services globally, empowering enterprises, financial institutions and individuals to seamlessly exchange, pay, trade, and settle between fiat and digital currencies. Grounded in the core values of Open, Secure, and Licensed, it is committed to building a more efficient ecosystem that connects global markets and enables instant, seamless and compliant value movement worldwide. For media inquiries, please contact: media@osl.com
About OSL EU
OSL EU (legal entity: CIGE Vierte PGG GmbH) is the European subsidiary of OSL Group (HKEX: 863), authorised under the Markets in Crypto-Assets Regulation (MiCAR) by the Austrian Financial Market Authority (FMA). Under the newly granted authorisation, OSL EU will provide custody and administration, spot trading, on/off-ramp and conversion services, and transfer of crypto-assets to institutional and retail clients across all 30 EEA countries.
About EY Law (Pelzmann Gall Größ Rechtsanwälte)
EY Law is an internationally oriented, independent business law firm that combines practice-focused legal advice with deep sector experience. Through the global EY Law network, its clients have access to more than 3,000 lawyers and legal professionals across more than 75 jurisdictions. For media inquiries, please contact Lea Neuner, Marketing and Communications, EY Law Austria, lea.neuner@eylaw.at, +43 1 26095 2100.
* The legal name of OSL EU is currently still CIGE Vierte PGG GmbH. The company is expected to be renamed OSL EU in the near future, and the corresponding name change process is currently underway.