Amina Austria receives CASP license from Austrian regulator

Amina Austria, a subsidiary of Swiss bank Amina, has received a Crypto Asset Management Service Provider (CASP) license from the Austrian Financial Market Authority (FMA). This step is an important part of the bank’s strategy to comply with the new pan-European MiCAR regulation, which establishes uniform rules for the digital asset market.

Expanding Cryptocurrency Services in the EU

Amina Bank CEO Franz Bergmüller noted that the license allows the bank to offer a wide range of crypto services to EU residents. These include:

• digital asset staking;
• cryptocurrency custody;
• exchange of cryptocurrency for fiat or other tokens;
• professional crypto portfolio management.

These services will be available only to professional investors, including family offices, financial institutions, and legal entities in EU countries.

Amina’s Presence in Europe and the World

Currently, the Amina Group operates in Switzerland, Hong Kong, and Abu Dhabi, and the new Austrian branch is registered in thirteen additional EU countries. According to Bergmüller, Austria was chosen due to its transparent regulatory framework and strict investor protection rules, making it one of the most convenient EU markets for regulated crypto companies to enter.

Infrastructure for Professional Investors

Amina EU Managing Director Eckehard Stolz emphasized that European professional investors are actively seeking secure mechanisms for working with crypto assets. The bank is ready to provide them with an infrastructure that combines the advantages of traditional finance and cryptocurrency technologies, ensuring a high level of security and compliance with all regulatory requirements.

Global Trend of Institutionalization of the Crypto Market

Banks’ interest in digital assets continues to grow. Earlier, Spanish giant BBVA launched Bitcoin and Ethereum trading and custody services for retail clients, while American Citi announced in October the development of a crypto custody service, which had been in the works for nearly three years. Against this backdrop, Amina’s expansion into the EU confirms the growing trend toward institutionalization and regulation of cryptocurrency services.