Bitpanda fined €70,000 in Austria's first MiCA enforcement action

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Austrian crypto exchange Bitpanda has been fined €70,000 in what marks Austria's first publicly disclosed enforcement case under the EU's Markets in Crypto-Assets (MiCA) regulation. The penalty was imposed after Bitpanda failed to submit a mandatory white paper at least 20 days ahead of its publication, as required under MiCA rules. The company also omitted certain disclosures that are legally required in marketing materials. The case signals that European regulators are beginning to actively enforce MiCA compliance obligations on crypto firms operating within the bloc.

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