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.
