#Bybit #Vienna #Austria #EMI License #Bybit Payments

Bybit.eu Expands Its European Offerings

In an exciting development for the cryptocurrency and electronic payments landscape, Bybit Payments GmbH has successfully acquired a license from the Austrian Financial Market Authority (FMA) to operate as an Electronic Money Institution (EMI). This achievement was announced on August 5, 2026, and is set to enhance Bybit.eu's capabilities in providing regulated electronic money and payment services across the European continent.

The newly attained EMI license allows Bybit Payments GmbH to offer a range of services, including electronic money solutions and payment services, thereby linking traditional finance with the rapidly evolving world of cryptocurrencies. This expansion incorporates crypto asset services that have been provided by Bybit EU GmbH, which has been operating under the Markets in Crypto-Assets Regulation (MiCAR) since it gained authorization in May 2025.

The structure created by these two Austrian entities—Bybit Payments GmbH and Bybit EU GmbH—enables a clear regulatory framework and delineation of services. Each entity operates under separate regulatory permissions, ensuring compliance with the necessary directives while providing integrated services through the Bybit.eu platform.

A Milestone for Regulatory Compliance

According to Georg Harer, Managing Director at Bybit EU GmbH and Bybit Payments GmbH, the EMI license marks a crucial milestone in Bybit's ongoing commitment to the European market. He stated, "Europe sets a global standard for the joint development of digital assets and financial services under a clear regulatory framework." The achievement of the EMI license complements Bybit EU GmbH’s existing MiCAR authorization, forming a robust regulatory foundation that bridges crypto assets, payment systems, and daily financial services on Bybit.eu.

The EMI license paves the way for innovative payment solutions of the future. These services could include peer-to-peer payments, electronic money services, strong customer authentication, open banking functionalities, merchant payment solutions, and future card initiatives that will be rolled out in compliance with relevant regulations.

Bernhard Krick, Managing Director at Bybit Payments GmbH, emphasized the importance of this regulatory clarity, stating, "With this license, Bybit Payments GmbH can develop regulated payment options that complement the crypto asset services provided by Bybit EU GmbH. Maintaining a clear distinction between the two regulated entities is essential for compliance. Each will operate within its licensing permissions, while customers will access their services through the Bybit.eu platform."

In addition to enhancing user experience, the EMI license is expected to facilitate strategic relationships with financial institutions, payment service providers, and corporate partners. Over time, this will lead to a reduction in dependency on third-party payment infrastructures, positioning Bybit as a more self-sufficient player in the financial ecosystem.

Further announcements regarding specific product launch dates and detailed implementations across Europe will be forthcoming, as Bybit continues to signal its intent to evolve within regulatory frameworks and expand its service offerings.

Conclusion

By acquiring this EMI license, Bybit Payments GmbH not only strengthens its operational capacity but also reinforces its dedication to regulatory compliance in the evolving landscape of digital finance. As Bybit continues to navigate the intersection of cryptocurrency and traditional finance, the opportunities for innovative payment solutions are likely to expand, paving the way for a new era of financial services in Europe.

About Bybit

Bybit.eu serves as the European platform where regulated entities under Bybit seamlessly deliver their services, ensuring that customers throughout the European Economic Area, except for Malta, receive comprehensive and compliant access to both crypto assets and payment services.