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Bitpanda fined 70,000 euros in Austria MiCA penalty
Austria’s Financial Market Authority said Bitpanda failed to file a required crypto white paper at least 20 working days before publication and left out specific regulatory and contact disclosures in marketing materials.
Austria’s Financial Market Authority fined Bitpanda GmbH 70,000 euros, or about $81,150, for breaches of the EU’s Markets in Crypto-Assets, or MiCA, rules, in what the regulator called its first published MiCA enforcement penalty, according to CoinDesk and The Block.
The FMA said Bitpanda did not submit a cryptocurrency white paper at least 20 working days before publishing it. The regulator also said Bitpanda circulated marketing communications that, in one instance, omitted a statement that regulators had not reviewed or approved the document, that the provider was solely responsible for its contents, and that also excluded a phone number and email address, as reported by CoinDesk.
Bitpanda said it viewed the cited issues as related to “timing and formal specifications,” adding that it prepared a whitepaper in line with MiCAR requirements, submitted it to the FMA, and coordinated with the authority. The firm said it corrected the issues after they were raised and agreed to a “swift, consensual conclusion,” with the penalty described as final by the regulator, per CoinDesk.
The fine targets one of Europe’s largest crypto brokers. CoinDesk also noted Bitpanda ended 2025 with 7.4 million registered users, up 25% year over year, and 371 million euros in adjusted revenue.