Bybit has received a Markets in Crypto-Assets Regulation
(MiCAR) license from the Austrian Financial Market Authority (FMA). This
license allows the cryptocurrency exchange to operate as a regulated
crypto-asset services provider within the European Economic Area (EEA).
The license enables Bybit to offer its products and services
to users across 29 EEA countries. These services will be provided through its
regional hub based in Austria. Bybit has also opened its European headquarters
in Vienna.
Bybit Expands with European Regulatory Approval
“Securing the MiCAR license in Austria is a testament
to our compliance-first approach at Bybit,” stated Ben Zhou, co-founder
and CEO of Bybit.
MiCAR is part of the European Union’s effort to regulate
digital financial services. The license requires companies to meet rules
related to consumer protection, transparency, and the prevention of illegal
activities.
“We are actively collaborating with regulators and
pursuing licenses globally to ensure our users can access our innovative
platform with the highest levels of regulatory and compliance assurance,”
Zhou added.
You may find it interesting at FinanceMagnates.com: Bybit
Teams Up with Zodia Custody for Off-Venue Settlement Following $1.4 Billion
Breach.
NEWS: @Bybit_Official secures #MiCAR license and sets up its European HQ in Vienna. Now fully regulated to operate across all 29 EEA countries under EU #crypto laws. pic.twitter.com/nwrLYglab4
— Roundtable Network (@RTB_io) May 29, 2025
Supporting Blockchain Education and Practical Development
Bybit said it will invest in its operations in Austria. The
company plans to hire more than 100 employees in Vienna. The hiring will
support its goal to offer services that comply with local regulations.
“We are dedicated to fostering a strong local crypto
community and, through the Blockchain for Good Alliance (BGA), we will extend
our resources to work closely with universities across the region, cultivating
the next generation of blockchain innovators and exploring impactful real-world
applications of the technology,” Mazurka Zeng, Chief Executive Officer of
Bybit Europe commented.
This article was written by Tareq Sikder at www.financemagnates.com.
