Crypto17 August, 20263 min read
Austria’s FMA Fines Bitpanda €70,000 Over MiCA White Paper And Marketing Disclosures
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Bitpanda fined €70,000 by Austria’s FMA for MiCA breaches. Breaches include failing to submit mandatory white paper 20 days before publication and omitting marketing disclosures.
9 outlets told this the same way.
Bitpanda hit by MiCA fine
Austria’s Financial Market Authority fined crypto platform Bitpanda 70,000 euros in what it described as its first published final penalty under the EU’s Markets in Crypto-Assets Regulation (MiCA). The FMA said Bitpanda failed to submit a crypto-asset white paper to the regulator at least 20 working days before its publication, and it also distributed a marketing communication before publishing the required white paper. In a separate marketing communication, the regulator said mandatory disclosures were omitted, including that it had not been reviewed or approved by a competent authority and that the crypto-asset provider was solely responsible for its contents, and it also lacked a required telephone number and email address.
Bitpanda characterized the violations as “timing and formal specifications” and said it fixed the issues after the FMA raised them, choosing a “swift, consensual conclusion” to end the proceedings. Cointelegraph reported that Bitpanda told it the issues “related exclusively to the timing and formal requirements surrounding the publication of the white paper and an accompanying information document.”
Regulator frames enforcement shift
The FMA said the penalty decision is final after proceedings concluded under an expedited procedure, and it presented the case as MiCA moving beyond licensing and supervision into enforcement. Finance Magnates reported that the FMA called it the first legally binding MiCAR penalty decision it has published, while also noting that the wording does not establish that Bitpanda received the first MiCAR fine in the European Union. Finance Magnates also said the penalty concerns what happened after authorization, specifically “the timing and content of disclosures for a crypto-asset,” and it said it does not concern custody of customer assets or access to withdrawals.
In its own framing, Bitcoin News quoted the regulator assessing that MiCAR “is no longer just a concession and supervisory issue, but has also arrived in enforcement.” CoinDesk added that the regulator did not identify the cryptocurrency involved, and it said the FMA did not reproduce the marketing communication or provide the relevant publication dates.
What’s next for firms
Bitpanda’s regulatory position remained listed in Austria after the fine, with Finance Magnates saying the FMA authorized Bitpanda GmbH as a crypto-asset service provider on April 9, 2025. Finance Magnates also reported that Bitpanda had already obtained a separate MiCAR authorization from Germany’s Federal Financial Supervisory Authority (BaFin) in January 2025, and it said the final European transition period ended on July 1. CoinDesk reported that Bitpanda ended 2025 with 7.4 million registered users, up 25% from a year earlier, and 371 million euros in adjusted revenue, while describing the Vienna-based company expanding outside Europe with trading, custody and tokenization infrastructure.
In parallel, CoinDesk said Bitpanda secured a MiCA license from BaFin last year, allowing it to serve customers across the European Economic Area, and it said Austria’s FMA separately authorized Bitpanda GmbH to provide custody, exchange, order execution and other crypto services in April 2025. The Cryptonews.net report said the penalty was handled through an expedited procedure and that the resulting decision is final, while also stating that MiCA established a harmonized regulatory framework for crypto assets across the EU, including disclosure, marketing and authorization requirements.