AMINA Bank Secures MiCA License in Austria for EU Crypto Services

Core Insights - AMINA Bank's Austrian subsidiary has received a Crypto-Asset Service Provider license under the Markets in Crypto-Assets framework, allowing it to offer crypto services to professional investors across the EU and EEA [1][2] - The license enables AMINA to provide services in up to 30 markets without needing separate authorizations in each jurisdiction [1][8] Company Overview - AMINA Bank operates as a Swiss-regulated financial institution under the Swiss Financial Market Supervisory Authority and holds additional licenses in Hong Kong and Abu Dhabi [4] - The Austrian subsidiary is a wholly-owned entity of the Swiss parent company [4] Services Offered - The FMA authorization includes custody services, crypto-for-fiat and crypto-for-crypto exchanges, portfolio management, and transfer services for crypto assets [3] - AMINA plans to introduce crypto staking at launch, although this service is not included in the official FMA authorization list [3] Market Context - The competition in the European institutional market is intensifying, with firms like Sygnum and traditional financial institutions such as Societe Generale and Bitpanda launching regulated crypto services [6] - Multiple firms have secured MiCA licenses in various EU member states, indicating a growing trend in the regulatory landscape [5] Regulatory Environment - The MiCA framework is under scrutiny for its regulatory complexity, with potential conflicts highlighted by Circle regarding dual-licensing requirements for stablecoins [7] - The passporting mechanism under MiCA allows firms authorized in one EU member state to operate throughout the bloc without needing separate licenses [8]