Bitpanda fined 70,000 euros in Austria’s first published MiCA enforcement case
Austrian regulators fined crypto broker Bitpanda 70,000 euros for failing to adhere to specific timing and formal requirements under the new MiCA framework. The company stated the issue was procedural and has since been resolved.
Why it matters
This represents the first public enforcement action under the EU's Markets in Crypto-Assets (MiCA) regulation, signaling a new era of strict compliance for European crypto firms.
The FMA said Bitpanda failed to submit a cryptocurrency white paper at least 20 working days before publishing it. The regulator did not identify the cryptocurrency involved.
Bitpanda also circulated a marketing communication before publishing the required white paper. Another communication omitted a statement that regulators had not reviewed or approved the document and that the provider was solely responsible for its contents, as well as a telephone number and email address.
The firm told CoinDesk in an emailed statement the regulator’s findings “related exclusively to timing and formal specifications surrounding the publication of the whitepaper and an accompanying information document.”
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