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Austria’s Financial Market Authority fined Bitpanda GmbH 70,000 euros ($81,150) for breaches of the European Union’s Markets
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The FMA said Bitpanda failed to submit a cryptocurrency white paper at least 20 working days before publishing it.
Key facts
- Austria’s Financial Market Authority fined Bitpanda GmbH 70,000 euros ($81,150) for breaches of the European Union’s Markets in Crypto-Assets (MiCA) regulation in the regulator’s first penalty
- Bitpanda ended 2025 with 7.4 million registered users, up 25% from a year earlier, and 371 million euros in adjusted revenue
- The FMA said Bitpanda failed to submit a cryptocurrency white paper at least 20 working days before publishing it
- The regulator concluded the proceedings through an expedited process under Austria’s Financial Market Authority Act, and the penalty is final
Summary
Austria’s FMA fined Bitpanda 70,000 euros for MiCA breaches, marking the regulator's first penalty under the EU’s new crypto asset rules. The fine stems from Bitpanda failing to submit a mandatory white paper 20 days before publication and omitting required disclosures in marketing materials. Bitpanda characterized the violations as "timing and formal specifications" and has since corrected the issues following a "consensual conclusion.” Austria’s Financial Market Authority fined Bitpanda GmbH 70,000 euros ($81,150) for breaches of the European Union’s Markets in Crypto-Assets (MiCA) regulation in the regulator’s first penalty over the rules.