Austria's Financial Market Authority Fines Bitpanda €70,000, First Penalty Under MiCA Framework
2026-08-17 03:20
Odaily News: On August 14, the Austrian Financial Market Authority (FMA) 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. Additionally, Bitpanda issued marketing notices without publishing the required whitepaper, violating Article 1 of MiCA.
The FMA said that MiCA has 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 licenses can only build trust when 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. Additionally, Bitpanda issued marketing notices without publishing the required whitepaper, violating Article 1 of MiCA.
The FMA said that MiCA has 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 licenses can only build trust when the relevant rules are consistently complied with. (Bitcoin.com News)
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