Austria's Financial Market Authority Fines Bitpanda €70,000, Marking the First Penalty Under the MiCA Framework
2026-08-17 03:20
Odaily Planet Daily News, August 14: The Austrian Financial Market Authority (FMA) has announced a fine of €70,000 against crypto asset trading platform Bitpanda. The FMA stated that this is the first legally binding penalty case under the MiCA framework.
The FMA noted that Bitpanda violated Article 8 of MiCA by failing to notify the authority and submit a whitepaper at least 20 days before the relevant crypto assets were approved for trading. In addition, Bitpanda issued marketing notices without publishing the required whitepaper, violating Article 1 of MiCA.
The FMA stated that MiCA has now moved from mere regulation to the enforcement phase, emphasizing that even though Bitpanda is the first publicly penalized case, it will not receive special treatment. Markus Miller stated that a license can only build trust if the relevant rules are consistently complied with. (Bitcoin.com News)
The FMA noted that Bitpanda violated Article 8 of MiCA by failing to notify the authority and submit a whitepaper at least 20 days before the relevant crypto assets were approved for trading. In addition, Bitpanda issued marketing notices without publishing the required whitepaper, violating Article 1 of MiCA.
The FMA stated that MiCA has now moved from mere regulation to the enforcement phase, emphasizing that even though Bitpanda is the first publicly penalized case, it will not receive special treatment. Markus Miller stated that a license can only build trust if the relevant rules are consistently complied with. (Bitcoin.com News)
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