Austria Fines Bitpanda €70,000 for MiCA Whitepaper and Marketing Breaches

Austria's Financial Market Authority has issued a €70,000 MiCA fine against Bitpanda GmbH. The penalty is final, and it covers whitepaper and marketing failures.

The Markets in Crypto-Assets Regulation (MiCA) sets one disclosure and licensing standard across all 27 EU member states. This case shows how national supervisors now police it.

What the MiCA Fine Punished at Bitpanda

The MiCA fine rests on three distinct breaches. Bitpanda missed the filing deadline for a crypto-asset whitepaper, which must reach the authority at least 20 working days before publication. The company also pushed out a marketing communication before that whitepaper appeared.

A third breach concerned the marketing material itself. The text skipped the mandatory warning that no authority had reviewed or approved the offer. It also left out a phone number and an email address for the issuer.

Bitpanda ranks among Europe's largest retail crypto brokers and runs its business from Vienna. Austria closed the case through an accelerated procedure, and the decision now stands as legally binding. The FMA tied the MiCA sanction to investor protection and market integrity, not to paperwork hygiene.

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