Key facts
- Bybit obtained an Electronic Money Institution (EMI) license.
- The license was issued by Austria's Financial Market Authority (FMA).
- Bybit's subsidiary Bybit Payments GmbH secured the license.
- The license allows Bybit to offer regulated payment and electronic money services in Europe.
- These services will be available via Bybit.eu.
- Bybit's crypto-asset services will operate under a separate MiCA-authorized entity.
Bybit, a cryptocurrency exchange, has successfully obtained an Electronic Money Institution (EMI) license from Austria's Financial Market Authority (FMA). The license was secured by Bybit Payments GmbH, a subsidiary of the exchange. This regulatory approval enables Bybit to provide regulated payment and electronic money services across the European Union through its platform Bybit.eu. The company's existing cryptocurrency-asset services will continue to operate independently under a different entity that holds authorization under the Markets in Crypto-Assets (MiCA) regulation. This strategic move allows Bybit to expand its regulated financial service offerings within the European market, distinguishing between payment services and crypto-asset trading.