Bitpanda fined €70,000 in Austria's first published MiCA enforcement case

Austria's Financial Market Authority has fined crypto broker Bitpanda GmbH 70,000 euros in the regulator's first published enforcement action under the European Union's Markets in Crypto-Assets (MiCA) regulation. The penalty stems from Bitpanda's failure to submit a mandatory cryptocurrency white paper 20 working days before publication, alongside marketing disclosure omissions. Bitpanda resolved the matter through an expedited, consensual process, stating the issues were purely formal and did not impact customer funds.

Bitpanda MiCA fine

• ▪The Financial Market Authority concluded the proceedings against Bitpanda GmbH through an expedited process, making the penalty decision final.
• ▪Austria's Financial Market Authority fined Bitpanda GmbH 70,000 euros for breaches of the European Union's Markets in Crypto-Assets regulation, marking the regulator's first published penalty under the rules.

White paper submission violations

• ▪The Austrian Financial Market Authority stated that Bitpanda GmbH failed to submit a mandatory cryptocurrency white paper to the regulator at least 20 working days before its publication.
• ▪Bitpanda GmbH submitted the cryptocurrency white paper in question to the Austrian Financial Market Authority early in 2025.

Marketing disclosure failures

• ▪A Bitpanda GmbH marketing communication omitted a required telephone number and email address.
• ▪A Bitpanda GmbH marketing communication omitted a mandatory statement that regulators had not reviewed or approved the document and that the provider was solely responsible for its contents.
• ▪The Austrian Financial Market Authority stated that Bitpanda GmbH distributed a marketing communication before publishing the required cryptocurrency white paper.

Bitpanda remediation response

• ▪Bitpanda GmbH characterized the regulatory findings as relating exclusively to timing and formal specifications surrounding the publication of the white paper and an accompanying information document.
• ▪Bitpanda GmbH stated that customer funds and platform security were not affected by the violations and that customers suffered no financial harm.
• ▪Bitpanda GmbH stated that it corrected the identified issues after the Financial Market Authority raised them and opted for a swift, consensual conclusion to the proceedings.

Bitpanda licensing status

• ▪Austria's Financial Market Authority authorized Bitpanda GmbH to provide custody, exchange, order execution, and other crypto services in April 2025.
• ▪Bitpanda GmbH secured a Markets in Crypto-Assets license from the German regulator BaFin in 2025, allowing the firm to serve customers across the European Economic Area.

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