Pin and benchmark
Pin one jurisdiction. Line up to five rivals against it. Deltas show where each peer is better or worse.
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| Dimension |
Pinned 🇦🇹 Austria partly open Verified 2026-09-01
|
🇱🇮 Liechtenstein
partly open
Verified 2026-09-01
|
|---|---|---|
| Licence type | MiCA CASP Authorisation granted by the Austrian Financial Market Authority (FMA) | MiCA CASP Authorisation granted by FMA Liechtenstein, operating alongside (and increasingly converged with) the pre-existing domestic TVTG (Token and VT Service Provider Act) registration regime |
| Regulator | Finanzmarktaufsicht (FMA) Österreich | Finanzmarktaufsicht (FMA) Liechtenstein |
| Capital requirement | Austria capital requirement is included in the £349 pass. | Liechtenstein capital requirement is included in the £349 pass. |
| Timeline to authorisation | Austria timeline to authorisation is included in the £349 pass. | Liechtenstein timeline to authorisation is included in the £349 pass. |
| Local substance | Austria local substance is included in the £349 pass. | Liechtenstein local substance is included in the £349 pass. |
| Application cost | Austria application cost is included in the £349 pass. | Liechtenstein application cost is included in the £349 pass. |
| Ongoing cost | Austria ongoing cost is included in the £349 pass. | Liechtenstein ongoing cost is included in the £349 pass. |
| Passporting | Austria passporting is included in the £349 pass. | Liechtenstein passporting is included in the £349 pass. |
| MiCA CASPs approved | Austria mica casps approved is included in the £349 pass. | Liechtenstein mica casps approved is included in the £349 pass. |
| Key restrictions | Austria key restrictions is included in the £349 pass. | Liechtenstein 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. | Bank Frick received MiCAR authorisation from FMA Liechtenstein on 20 January 2026, one of the first in the country under the new regime; FMA also authorised Bitcoin Suisse (Europe), the European arm of the Swiss group, covering trading, custody and staking for institutional/HNW clients. Smart Valor was authorised as a CASP under MiCAR Article 63 with effect from 1 Jul 2026, and Kaiser Partner Privatbank was authorised for certain crypto-asset services via the Article 60 notification route from 29 Jun 2026; the FMA confirmed the MiCAR transitional period ended on schedule on 1 Jul 2026. Further FMA authorisations followed: Floin AG (10 June 2026), Sygnum Europe AG (26 June 2026) and Damoon Technology (Europe) AG (10 July 2026), all announced on the FMA's own news feed. |
| Difficulty rating | Austria difficulty rating is included in the £349 pass. | Liechtenstein difficulty rating is included in the £349 pass. |
Informational only, not legal advice. A delta compares the sortable figure only (capital, timeline, cost, difficulty, passporting, approvals); it is not a judgement on overall suitability. Verify with qualified counsel before acting.
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