According to ChainCatcher, Franz Bergmüller, CEO of Amina, a Swiss-based crypto bank, said the company is applying for a virtual asset service provider (VASP) license from the Austrian Financial Market Authority. Bergmüller said the bank must set up a new team before doing business or generating revenue in Austria.

Franz Bergmüller said: "As a bank, we are approaching break-even, but at the moment we have deliberately decided to prioritize investment growth."

It is reported that Amina, formerly SEBA Bank, established its headquarters in Zug, Switzerland in April 2022.