Crypto▲ Bullish
Bybit Secures Austrian EMI License for Regulated EU Payments
The FMA granted Bybit Payments GmbH an EMI license, allowing the exchange to issue e-money and offer payment services across the EU, complementing its MiCA authorization.
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The Financial Market Authority of Austria granted Bybit Payments GmbH an Electronic Money Institution license, Bybit said. The authorization, under Austria's E-Money Act 2010, lets the exchange issue electronic money and offer regulated payment services across the European Union, including incoming and outgoing transactions and payment instruments.
The license complements Bybit's existing authorization under the EU's Markets in Crypto-Assets regulation for crypto-asset services. Bybit Payments GmbH operates independently from Bybit EU GmbH, keeping fiat currency and digital asset licenses separate while integrating both user experiences under the Bybit.eu domain, the company said.