Bybit's Austrian Arm Wins EMI License, Keeps Crypto Under MiCA

Bybit Payments GmbH has received an Electronic Money Institution license from Austria's Financial Market Authority, clearing the way for regulated payment services across Europe on the Bybit.eu platform.

The approval lets the subsidiary provide electronic money and payment services. Crypto-asset services stay with Bybit EU GmbH, which holds authorization under the European Union's Markets in Crypto-Assets framework. Bybit said the two entities remain legally separate. They operate through the same platform, giving customers a single point of access for both.

Georg Harer, managing director of Bybit EU GmbH and Bybit Payments GmbH, said Europe is setting the global benchmark for how digital assets and financial services can evolve together under clear regulation. The EMI license and MiCA authorization create complementary regulatory foundations connecting crypto assets with payments and everyday financial services, he added.