Is crypto legal in Austria?
Cryptocurrency is legal in Austria, but subject to regulatory restrictions.
Western Europe · AT · 4 of 9 dimensions sourced
Austria crypto policy at a glance
Stage of the central bank digital currency programme — research, pilot, or launched.
Whether crypto is legal, restricted, or banned for individuals and businesses.
“Virtual currencies such as Bitcoin are not legal tender in Austria. However, activities involving crypto assets may be subject to licensing requirements, in particular under the Banking Act, the Alternative Investment Fund Managers Act or the Securities Supervision Act.”
Whether the jurisdiction licenses crypto/VASP service providers.
Rules governing stablecoin and e-money-token issuance.
“This Regulation lays down uniform requirements for the offer to the public and admission to trading on a trading platform for crypto-assets... and for the issuance and supervision of asset-referenced tokens and e-money tokens.”
How crypto gains are taxed and reported, including OECD CARF participation.
How decentralized finance (DeFi) is treated by regulators.
Whether NFTs are addressed in regulation.
Policy toward crypto mining — permitted, restricted, or banned.
Intensity of regulatory enforcement actions against crypto firms.
“Here you will find the current investor warnings pursuant to Article 92 para. 11 WAG 2018 regarding providers of investment services that are not authorised to provide such services in Austria.”
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