The fine was imposed due to Bitpanda's failure to submit a necessary white paper 20 days prior to its publication and for lacking essential disclosures in its marketing materials.
By Francisco Rodrigues|Edited by Oliver Knight13 min ago2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Bitpanda faced fines due to a white paper submission issue from early last year (Bitpanda)SummaryShow- Austria's FMA has imposed a €70,000 fine on Bitpanda for violations of MiCA, marking the first such enforcement action by the regulator.
- The penalty was due to Bitpanda's late submission of a required white paper and insufficient disclosures in marketing communications.
- Bitpanda described the infractions as related to "timing and formal specifications" and has since addressed the issues following a "consensual conclusion."
The Financial Market Authority (FMA) of Austria has levied a €70,000 ($81,150) fine against Bitpanda GmbH for non-compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulations, marking the first enforcement action under these new rules.
The FMA reported that Bitpanda did not provide a cryptocurrency white paper at least 20 working days before its publication. The specific cryptocurrency involved was not disclosed by the regulator.
Additionally, Bitpanda released marketing materials prior to the required white paper publication. One of these communications failed to include a disclaimer indicating that the document had not been reviewed or approved by regulators, and that the responsibility for its content lay solely with the provider, along with missing contact information.
In a statement to CoinDesk, Bitpanda explained that the regulator's findings were solely about the timing and formal requirements related to the white paper and an accompanying information document. "For the token launch in question, we prepared a comprehensive white paper in accordance with MiCAR requirements, submitted it to the FMA, and continuously coordinated the entire process with the authority," Bitpanda noted. "The points cited related exclusively to timing and formal specifications surrounding the publication of the white paper and an accompanying information document."
The white paper in question was submitted early last year, according to the firm.
Following the FMA's concerns, Bitpanda rectified the issues and opted for a "swift, consensual conclusion" to the matter.
The FMA concluded the proceedings through an expedited process as outlined in the Financial Market Authority Act, and the penalty is now final.
This enforcement action targets one of the largest cryptocurrency brokers in Europe. Bitpanda reported having 7.4 million registered users by the end of 2025, reflecting a 25% increase from the previous year, alongside an adjusted revenue of 371 million euros. The Vienna-based company has been expanding its operations beyond Europe by offering trading, custody, and tokenization infrastructure to banks and fintech firms.
Last year, Bitpanda secured a MiCA license from the German regulator BaFin, enabling it to operate within the European Economic Area. The FMA of Austria also authorized Bitpanda GmbH to provide custody, exchange, order execution, and other crypto services in April 2025.
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