Bitpanda Receives EU-Wide MiCAR License and Plans Further Growth

OrganizationsOther ♦ Published: January 27, 2025; 22:03 ♦ (Vindobona)

The Viennese crypto platform Bitpanda is one of the first companies to receive the coveted MiCAR license. This license, issued by the German Federal Financial Supervisory Authority (BaFin), has been fully valid since January 2025 and enables crypto service providers to operate their business within the European Union under a uniform legal framework.

Bitpanda GmbH is authorized to trade cryptocurrencies and hold them in custody for customers under comprehensive regulatory licenses. These licenses cover the entire European Economic Area. / Picture: © Wikimedia Commons; Johannes Maximilian, CC BY-SA 4.0 DEED (https://creativecommons.org/licenses/by-sa/4.0/deed.en)

The Markets in Crypto Assets Regulation (MiCAR) marks a turning point for regulating cryptocurrencies in Europe. For the first time, it lays down comprehensive rules for cryptocurrency issuers and providers of cryptocurrency-related services. The regulation aims to increase transparency and security, better protect investors, and create Europe-wide standards for the…