Bitpanda fined in Austria’s first published MiCA penalty
Summary
Austria’s Financial Market Authority fined Bitpanda €70,000 for violating the EU’s Markets in Crypto-Assets Regulation, marking the regulator’s first published final MiCA penalty. The FMA said Bitpanda failed to submit a crypto-asset white paper at least 20 working days before publication, as required, and also distributed marketing materials before the white paper was published. One marketing communication was missing required disclosures that it had not been reviewed or approved by a competent authority, that Bitpanda was solely responsible for its contents, and it also lacked a telephone number and email address. The case was resolved through an expedited procedure, and the decision is final.
