Bybit Payments GmbH secured an Electronic Money Institution license from Austria’s Financial Market Authority, enabling regulated e-money and payment services on Bybit.eu alongside crypto-asset products.

Bybit’s EU expansion continues under MiCA passporting rules, though Malta is currently excluded from its EU operations for reasons related to regulatory passporting requirements.

Bybit plans to launch five or more features on Bybit.eu to expand European payment capabilities, while keeping separate corporate entities for compliance.

The move comes amid a broader European regulatory scramble as transitional MiCA provisions push exchanges to improve compliance and decide domicile and service scope.

The article signals industry consolidation as platforms seek regulated infrastructure to engage banks, processors, and corporate clients amid rising scrutiny and divergent international approaches.

Next steps include converting the Austrian authorization into consumer-facing products and securing additional regulatory clearances and market-specific approvals for rollout.

Europe’s MiCA transition concluded with a final authorizations wave, and ESMA’s interim register lists 244 authorized CASPs across the EU and EEA.

The EU is considering MiCA expansion to support tokenization and global stablecoins, with stakeholder feedback open through September 30, 2026; 244 companies have formal authorization.

The EU approved a new sanctions package targeting crypto operators to tighten enforcement against Russian sanctions evasion.

The updated regulatory framework aims to deliver a smoother customer experience and stronger compliance across Europe.

Binance reported a large Bitcoin outflow, with about $686 million leaving exchanges on a single day, roughly $570 million of which was attributed to Binance.

A new report notes Binance’s policy shift in April 2025 routing most foreign law-enforcement requests through the UAE and MLAT, which could slow access to user data in investigations.