meta_id 3405187

On August 14, 2026, Austria's Financial Market Authority (FMA) imposed a €70,000 fine against Bitpanda GmbH for breaches of the Markets in Crypto-Assets Regulation (MiCAR). The FMA concluded the proceedings under an accelerated procedure pursuant to Section 22(2b) of the Financial Market Authority Act. Bitpanda committed multiple violations of MiCAR. The company failed to submit a crypto-assets whitepaper to the FMA at least 20 working days before publication, contrary to Article 8(1) and (5) of MiCAR. Additionally, Bitpanda distributed marketing communications without first publishing the required crypto-assets whitepaper, breaching Article 7(2) of MiCAR. The company also omitted mandatory disclosures in marketing communications, specifically failing to include the statement regarding the absence of regulatory review and approval and the provider's sole responsibility as required by Article 7(1)(e) of MiCAR. Furthermore, Bitpanda did not include a telephone number and email address in marketing communications as mandated by Article 7(1)(d) of MiCAR. MiCAR establishes a unified legal framework for crypto-assets across the European Union, with the primary objectives of protecting investors and ensuring the integrity of crypto-asset markets. The FMA's decision is final and enforceable. This represents the first published enforcement decision by the FMA under MiCAR, marking a significant development in Austria's regulatory approach to crypto-asset service providers and their compliance obligations.