Crypto Travel Rule Regulations in Austria 2025

Breaking Down Compliance Requirements in Austria’s Crypto Ecosystem

Who Needs to Register?

All Crypto Asset Service Providers (CASPs) operating in Austria must register with the Financial Market Authority (FMA). Registration involves submitting detailed information about the company’s governance, operations, and compliance measures to align with Austria’s stringent regulatory standards.

When Did the Travel Rule Begin?

Austria implemented the Travel Rule under the European Union’s AMLD5 (Fifth Anti-Money Laundering Directive). The rule came into effect on July 1, 2021, giving CASPs the necessary time to adapt to the new compliance landscape.

MiCA Transition Period: Key Dates to Remember

The Markets in Crypto-Assets (MiCA) regulation introduces a phased transition to updated EU-wide regulatory standards. CASPs operating before MiCA’s enforcement in late 2024 will have until July 2026 to:

• Obtain licenses,
• Introduce robust consumer protection measures,
• Enhance operational transparency.

This transitional framework ensures CASPs can adapt their operations without disrupting business continuity.

Is There a Transaction Threshold?

No, Austria applies the Travel Rule to all cryptocurrency transactions, irrespective of the transaction amount. This ensures thorough monitoring and regulatory oversight.

What Information Must Be Shared?

CASPs in Austria must collect and transmit key information for both originators and beneficiaries of transactions, including:

• Full name and address,
• Date and place of birth,
• Nationality,
• Account number or unique transaction ID.

Self-Hosted Wallet Requirements

Transactions involving self-hosted wallets are not exempt. CASPs must apply the same AML/CTF measures, including performing enhanced due diligence when required.

Key Highlights of Crypto Compliance in Austria

1. Legality of Cryptocurrency in Austria
   Yes, cryptocurrency is legal in Austria. Residents can trade, invest, and hold digital assets under a regulated framework.
2. Anti-Money Laundering (AML) Measures
   CASPs must comply with the FMA’s AML/CTF regulations by:
   • Verifying customer identities (KYC),
   • Monitoring suspicious transactions,
   • Reporting unusual activity to the FMA.
3. Travel Rule Enforcement
   Austria enforces the Travel Rule, requiring CASPs to collect and share identifying information for all cryptocurrency transactions. This aligns with FATF Recommendation 16 to strengthen global financial security.
4. Regulatory Oversight
   The FMA oversees CASP activities, ensuring compliance with legal obligations and fostering a transparent market.

Partner with Scorechain for Seamless Compliance

Navigating Austria’s crypto regulations can be complex, but it doesn’t have to be! Scorechain provides powerful solutions to help CASPs meet AML, CTF, and Travel Rule requirements.

🔎 Advanced transaction monitoring to reduce risks.
📊 Tailored compliance tools for your operations.
🤝 Support for FMA registration and reporting requirements.
🔗 Integrated Travel Rule solutions for secure data sharing.

Ready to simplify compliance?
Let Scorechain empower your business to thrive in Austria’s regulated crypto landscape. Contact us today for a consultation or demo!

‍