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Bitpanda Hit With €70,000 MiCA Fine in Austria’s First Published Enforcement ActionÂ
- Austria’s FMA imposed a €70,000 (AU$114,100) fine after finding Bitpanda breached MiCA requirements covering white paper timing and marketing communications.
- Bitpanda said the findings concerned procedural and formatting issues, and confirmed it corrected the problems before agreeing to an expedited, final resolution.
- The enforcement action does not affect the company’s existing regulatory status, with approvals from Germany and Austria covering its crypto services.
Bitpanda GmbH has been fined €70,000 (AU$114,100) by Austria’s Financial Market Authority for violating the European Union’s Markets in Crypto-Assets Regulation, in what the regulator described as its first published legally binding penalty under MiCA. The case centres on requirements governing crypto-asset white papers and related marketing communications.Â
According to the FMA, Bitpanda failed to provide a cryptocurrency white paper at least 20 working days before making it public. It also circulated a marketing communication before the required white paper had been published. A separate communication was missing mandatory disclosures and contact information required under the rules. The regulator did not identify the cryptocurrency involved in the case.
Bitpanda maintained that the regulator’s findings related exclusively to timing and formal specifications concerning the white paper and accompanying information document. The company said it had prepared a comprehensive white paper in line with MiCA requirements, submitted it to the FMA and maintained communication with the authority throughout the process. It said the identified issues were subsequently corrected and that it agreed to a swift, consensual resolution of the proceedings.
Related: Ripple Secures Full EU MiCA License, Clearing Path for Crypto Expansion Across Europe
Austria Closes the MiCA CaseÂ
The FMA handled the matter through an expedited procedure under Austria’s Financial Market Authority Act, with the resulting penalty now final. The regulator said the publication of sanctions forms part of the legal framework and is intended to provide transparency to investors and other market participants.
The penalty does not mark Bitpanda’s first regulatory approval under MiCA.Germany’s BaFin granted the company a MiCA licence last year, while Austria separately authorised its crypto services in April 2025.
Related: Bitcoin at $1 Million by 2030? The Numbers Don’t Add Up, Analyst Says
Author
Rachel Lourdesamy
Rachel is a freelance writer based in Sydney with experience within financial services, marketing, and corporate communications in the APAC region. An avid reader and a graduate of the University of Sydney, she covers topics including business, finance and human interest.
