Bybit's Austrian subsidiary secured an EMI license from the FMA, enabling regulated payment services across Europe and future features like card programs.
Alpha Score of 43 reflects weak overall profile with moderate momentum, weak value, weak quality. Based on 3 of 4 signals — score is capped at 90 until remaining data ingests.
Austria’s financial regulator has granted Bybit an electronic money institution license, opening the door for regulated payment services across Europe.
Bybit Payments GmbH, a local subsidiary of the cryptocurrency platform, received the EMI license from the Financial Market Authority (FMA) on Aug. 4. The authorization lets the subsidiary issue electronic money and provide payment services through the Bybit.eu platform, the company said in a statement.
The move adds a second regulated layer to Bybit’s European operations. Bybit EU GmbH has held a crypto-asset service provider license under the European Union’s Markets in Crypto-Assets Regulation (MiCAR) since May 2025. The two entities will stay separate. Bybit Payments handles fiat and e-money; Bybit EU manages digital assets.
“Maintaining a clear distinction between the two regulated entities is fundamental,” said Bernhard Krick, managing director at Bybit Payments GmbH. “Each entity will provide services within its own permissions, while customers will be able to access those services through the Bybit.eu platform.”
The EMI framework gives Bybit the foundation for future payment features, the company said. Those include peer-to-peer transfers, open-banking functionality, merchant solutions, and card programs. Officials added that the license will help Bybit Payments build direct partnerships with European financial institutions and payment processors, gradually cutting reliance on third-party providers.
“Europe is setting the global benchmark for how digital assets and financial services can evolve together under clear regulation,” said Georg Harer, managing director at both Bybit EU GmbH and Bybit Payments GmbH. “The EMI licence granted to Bybit Payments GmbH is an important milestone in our long-term commitment to Europe.”
The dual-authorization structure mirrors a pattern emerging across the region. More than 170 entities have registered as crypto-asset service providers under MiCA, according to industry data. Only a small fraction hold full trading platform permissions or combined electronic-money authorizations.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.