Austria’s Financial Market Authority has imposed a EUR 70,000 fine on Bitpanda GmbH in what it calls the first published penalty under the Markets in Crypto-Assets Regulation. The FMA disclosed the legally binding decision Friday, marking a significant step in MiCAR enforcement across the European Union.
The Vienna-based crypto platform violated disclosure requirements by failing to submit a crypto-asset white paper to the regulator at least 20 working days before publication, as required under Article 8 of MiCAR. Bitpanda also distributed marketing materials before publishing the mandatory white paper and omitted required disclaimers, including statements that no EU authority had approved the content and missing contact information.
The FMA did not identify the specific crypto-asset involved or allege customer losses. Bitpanda’s authorization as a crypto-asset service provider, granted April 9, 2025, remains active and unrestricted. The regulator processed the case through an expedited administrative procedure.
FXnCO Insight
MiCAR enforcement has entered active phase beyond licensing, making strict compliance with disclosure timelines and marketing requirements essential for all authorized crypto service providers operating in EU markets.
Source: Finance Magnates