Bitpanda Fined €70,000 by Austria for MiCA Compliance Breaches

TLDR

• Austria fines Bitpanda €70,000 over multiple MiCA compliance rule violations.
• Bitpanda missed the required 20-day deadline for its crypto whitepaper filing.
• Marketing material appeared before Bitpanda published its required whitepaper.
• FMA found missing regulatory disclaimers and contact details in promotions.
• Bitpanda retains MiCA authorization despite Austria’s finalized €70,000 penalty.

Austria’s Financial Market Authority fined Bitpanda €70,000 for several breaches of the European Union’s MiCA regulatory framework. The violations involved whitepaper submission deadlines, marketing communications, and mandatory disclosures required under the bloc’s crypto rules. The regulator completed the case through an expedited procedure, and the penalty decision has become final.

Bitpanda Breached MiCA Whitepaper Requirements

The FMA found that Bitpanda failed to submit a required crypto-asset whitepaper before its planned publication. MiCA requires companies to notify the responsible authority at least 20 working days before publishing covered whitepapers. The regulator did not publicly identify the specific crypto asset connected with the compliance breaches.

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