OSL EU Receives MiCAR License from Austria

CoinFeed July 9 news, the global stablecoin payment and trading platform OSL Group (HKEX: 863) announced today that its European subsidiary OSL EU has obtained the MiCAR license issued by the Austrian Financial Market Authority (FMA), officially becoming a "crypto-asset service provider" (CASP) in the relevant jurisdiction. With this license, the OSL Group can, under the single license passporting mechanism, extend its regulated digital asset services to all 30 member states of the European Economic Area (EEA), ranking among the very few compliance platforms that hold regulatory licenses in both Hong Kong and Europe. Under the supervision of the FMA, OSL EU will provide services such as custody and administration, spot trading, fiat on/off ramp and exchange, as well as crypto-asset transfers to institutions and eligible clients in the EEA.