🇦🇹 Austria vs 🇮🇹 Italy: crypto licensing compared
Decision context and regulator route
Austria and Italy are commonly considered side by side for crypto authorisation. In Austria the route is the MiCA CASP Authorisation granted by the Austrian Financial Market Authority (FMA) overseen by Finanzmarktaufsicht (FMA) Österreich; in Italy it is the MiCA CASP authorisation under EU Regulation 2023/1114, transposed via Legislative Decree 129/2025 and implemented through Consob Resolution 23700/2025. Pre-MiCA VASPs (registered under the OAM register per AML Decree 90/2017) had to convert to full CASP authorisation; transitional regime for existing VASPs was extended to 1 July 2026. under Split regulator model: Consob (Commissione Nazionale per le Società e la Borsa) is the lead competent authority issuing CASP authorisation and supervising conduct-of-business/market integrity; Banca d'Italia is consulted on and supervises prudential aspects (capital, governance, AML) and directly handles credit institutions/e-money institutions offering crypto services (e.g. Banca Sella's notification route).. The public licence and regulator fields below are open to everyone; the complete sourced comparison is included with access.
Austria: verified 2026-08-01 · Italy: verified 2026-07-10
| Dimension |
🇦🇹 Austria
partly open
Verified 2026-08-01
|
🇮🇹 Italy
partly open
Verified 2026-07-10
|
|---|---|---|
| Licence type | MiCA CASP Authorisation granted by the Austrian Financial Market Authority (FMA) | MiCA CASP authorisation under EU Regulation 2023/1114, transposed via Legislative Decree 129/2025 and implemented through Consob Resolution 23700/2025. Pre-MiCA VASPs (registered under the OAM register per AML Decree 90/2017) had to convert to full CASP authorisation; transitional regime for existing VASPs was extended to 1 July 2026. |
| Regulator | Finanzmarktaufsicht (FMA) Österreich | Split regulator model: Consob (Commissione Nazionale per le Società e la Borsa) is the lead competent authority issuing CASP authorisation and supervising conduct-of-business/market integrity; Banca d'Italia is consulted on and supervises prudential aspects (capital, governance, AML) and directly handles credit institutions/e-money institutions offering crypto services (e.g. Banca Sella's notification route). |
| Capital requirement | Austria capital requirement is included in the £349 pass. | Italy capital requirement is included in the £349 pass. |
| Timeline to authorisation | Austria timeline to authorisation is included in the £349 pass. | Italy timeline to authorisation is included in the £349 pass. |
| Local substance | Austria local substance is included in the £349 pass. | Italy local substance is included in the £349 pass. |
| Application cost | Austria application cost is included in the £349 pass. | Italy application cost is included in the £349 pass. |
| Ongoing cost | Austria ongoing cost is included in the £349 pass. | Italy ongoing cost is included in the £349 pass. |
| Passporting | Austria passporting is included in the £349 pass. | Italy passporting is included in the £349 pass. |
| MiCA CASPs approved | Austria mica casps approved is included in the £349 pass. | Italy mica casps approved is included in the £349 pass. |
| Key restrictions | Austria key restrictions is included in the £349 pass. | Italy key restrictions is included in the £349 pass. |
| Recent changes | Austria set 30 June 2026 as the end of its transitional regime (shorter runway than the EU default 1 July 2026 deadline), creating pressure for existing FM-GwG registered VASPs to secure full CASP authorisation; Bybit reported as licensed in Austria per exchange-tracking source OSL EU GmbH was authorised on 7 July 2026 (per ESMA's interim register), the eleventh Austrian CASP. | Consob Resolution 23700/2025 (introducing the EUR 20,000 fee) took effect 1 December 2025; the transitional regime for pre-MiCA VASPs was extended to 1 July 2026 (later than the original MiCA default cut-off), giving Italian firms extra runway. As of 1 July 2026, 8 firms hold full CASP authorisation, a sharp jump from near-zero conversions reported earlier in 2026, though still a small fraction of the pre-MiCA registered population. |
| Difficulty rating | Austria difficulty rating is included in the £349 pass. | Italy difficulty rating is included in the £349 pass. |
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What changed recently
🇦🇹 Austria (verified 2026-08-01): Austria set 30 June 2026 as the end of its transitional regime (shorter runway than the EU default 1 July 2026 deadline), creating pressure for existing FM-GwG registered VASPs to secure full CASP authorisation; Bybit reported as licensed in Austria per exchange-tracking source OSL EU GmbH was authorised on 7 July 2026 (per ESMA's interim register), the eleventh Austrian CASP.
🇮🇹 Italy (verified 2026-07-10): Consob Resolution 23700/2025 (introducing the EUR 20,000 fee) took effect 1 December 2025; the transitional regime for pre-MiCA VASPs was extended to 1 July 2026 (later than the original MiCA default cut-off), giving Italian firms extra runway. As of 1 July 2026, 8 firms hold full CASP authorisation, a sharp jump from near-zero conversions reported earlier in 2026, though still a small fraction of the pre-MiCA registered population.
Quick answers
Who regulates crypto licensing in Austria and Italy?
Austria: Finanzmarktaufsicht (FMA) Österreich. Italy: Split regulator model: Consob (Commissione Nazionale per le Società e la Borsa) is the lead competent authority issuing CASP authorisation and supervising conduct-of-business/market integrity; Banca d'Italia is consulted on and supervises prudential aspects (capital, governance, AML) and directly handles credit institutions/e-money institutions offering crypto services (e.g. Banca Sella's notification route)..
What licence do you need in Austria compared with Italy?
In Austria the authorisation route is MiCA CASP Authorisation granted by the Austrian Financial Market Authority (FMA); in Italy it is MiCA CASP authorisation under EU Regulation 2023/1114, transposed via Legislative Decree 129/2025 and implemented through Consob Resolution 23700/2025. Pre-MiCA VASPs (registered under the OAM register per AML Decree 90/2017) had to convert to full CASP authorisation; transitional regime for existing VASPs was extended to 1 July 2026.. The comparison table on this page lines the two up dimension by dimension.
Where can I see the full Austria vs Italy comparison?
The interactive benchmark lets you pin either jurisdiction and add up to five peers; a Founder Pass or Pro subscription unlocks every gated figure with its source and verification date. This page stays free at /crypto/compare/austria-vs-italy.
Informational only, not legal advice. Every open figure carries its own verification date; verify with qualified counsel before acting.