Bybit Payments GmbH has been granted an electronic money institution licence in Austria, giving Bybit a second regulated entity alongside its MiCA-authorised crypto business.

The two companies will keep separate capital and safeguarding obligations while customers access both through a single Bybit.eu account.

Regulation, Not Branding, Drives the Split

Bybit EU GmbH has held MiCA authorisation since May 2025, covering crypto custody, exchange, and client transfers. Bybit Payments GmbH now holds the EMI licence, covering e-money and payment services.

The two licences sit under different EU regimes. MiCA sets rules for crypto-asset custody and trading. EMI status brings separate requirements around capital, risk management, and…