Austria has fined Bitpanda €70,000 ($82,000) for breaches of the European Union’s Markets in Crypto-Assets Regulation, making the case the Austrian regulator’s first published final penalty under MiCA.
Summary
- Austria’s FMA fined Bitpanda €70,000 for breaches of MiCA disclosure and marketing rules.
- Bitpanda failed to submit a required crypto asset white paper at least 20 working days before publication.
- The company also distributed marketing material before the white paper was published and omitted mandatory disclosures and contact details.
- The penalty was completed through an expedited procedure and is the FMA’s first published final MiCA fine.
The…
