Bybit secures Austrian e-money license to expand payment services across Europe
Crypto exchange giant Bybit has secured a major regulatory victory in Europe, obtaining an electronic money institution license from Austria's Financial Market Authority. This strategic approval enables the Asian powerhouse to develop a wide range of financial services, including person-to-person payments, merchant solutions, open banking features, and card products, significantly strengthening its position in the European crypto market.
With the new license, Bybit Payments GmbH will be able to offer financial services through the Bybit.eu platform, complementing operations from Bybit EU GmbH, already authorized under the EU's MiCA regulation since May 2025. This regulatory expansion represents a significant milestone for the cryptocurrency industry, demonstrating growing recognition from traditional financial institutions of the value of digital services and paving the way for greater adoption of digital assets across the European Economic Area.
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