Crypto▼ Bearish
Austria Fines Bitpanda $81K in First Public MiCA Penalty
Austria's FMA fined Bitpanda €70,000 for MiCA breaches, the first published penalty under the EU's crypto rulebook. The action signals active supervision for licensed brokers.
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Austria's Financial Market Authority fined Bitpanda GmbH roughly $81,000 for breaches of the Markets in Crypto-Assets Regulation, the regulator said in a published notice. The penalty of about €70,000 is the first MiCA enforcement action the FMA has made public, according to coverage of the case.
Bitpanda, a Vienna-based crypto broker licensed by the FMA, operates under European supervision. The regulator did not specify the exact nature of the breaches in its notice. A public enforcement case under MiCA sets a visible reference point for other service providers, even those already authorised.