Bitpanda fined in Austria’s first published MiCA penalty
The FMA said Bitpanda breached MiCA rules on crypto white papers and marketing communications, with the decision now final.
Austria’s financial regulator has fined crypto platform Bitpanda 70,000 euros ($82,000) for violating the European Union’s Markets in Crypto-Assets Regulation, in the watchdog’s first published final penalty under MiCA.
The Austrian Financial Market Authority (FMA) said Friday that Bitpanda failed to submit a crypto-asset white paper to the regulator at least 20 working days before its publication, as required under MiCA.
Bitpanda also distributed a marketing communication before publishing the required white paper, according to the regulator.
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