Bitpanda Fined €70,000

Bitpanda, a leading European crypto investment and trading platform, has been fined €70,000 by Austria's Financial Market Authority (FMA) for breaching the European Union's Markets in Crypto-Assets (MiCA) rules. This is the first published MiCA penalty in Austria.

The fine was imposed for two specific breaches: failing to submit a cryptocurrency white paper at least 20 working days before publishing it, and circulating a marketing communication before publishing the required white paper, omitting required disclosures. The FMA stated that Bitpanda's marketing communication lacked a statement that regulators had not reviewed or approved the document and that the provider was solely responsible for its contents, as well as a telephone number and email address.

Bitpanda has characterized the violations as 'timing and formal specifications' and has since corrected the issues. The company has stated that it prepared a comprehensive whitepaper in accordance with MiCA requirements, submitted it to the FMA, and continuously coordinated the entire process with the authority.

The fine is final and was concluded through an expedited process under Austria's Financial Market Authority Act. Bitpanda has a significant user base, with 7.4 million registered users, up 25% from a year earlier. The company also had €371 million in adjusted revenue in 2025.

## Why it matters The MiCA regulation is the European Union's legal framework for the crypto industry, standardizing rules across all member states for issuing, trading, and managing crypto. As one of Europe's largest crypto brokers, Bitpanda's compliance with MiCA rules is crucial. The company has already secured a MiCA license from Germany in 2025, allowing it to serve customers across the European Union. This fine highlights the importance of adhering to regulatory requirements in the crypto industry.

The fine may have implications for other crypto companies operating in the EU, as it sets a precedent for enforcement of MiCA rules. As the crypto industry continues to grow and evolve, regulatory compliance will remain a key aspect of its development.