#Bybit #Vienna #Austria #Bybit EU #Bybit Payments

Bybit.eu Expands Horizons in Europe with EMI License

In a significant development for the cryptocurrency landscape in Europe, Bybit.eu has officially announced that Bybit Payments GmbH has obtained an Electronic Money Institution (EMI) license from the Financial Market Authority (FMA) of Austria. This pivotal move allows Bybit Payments GmbH to provide regulated electronic money and payment services through its platform, Bybit.eu, thereby enhancing the service repertoire available to European customers.

The Role of Bybit Payments GmbH

Bybit Payments GmbH is set to deliver authorized electronic money and payment services via Bybit.eu. Notably, other crypto-related services will continue to be offered separately by Bybit EU GmbH, which is also an Austrian provider that received authorization under the Markets in Crypto-Assets Regulation (MiCAR) in May 2025. This dual-entity structure ensures compliance with regulations, placing both entities under different regulatory frameworks with defined responsibilities.

Regulatory Compliance and Service Integration

Both companies possess distinct regulatory approvals, ensuring that operations remain within the bounds of their individual licenses. While Bybit EU GmbH operates under MiCAR to offer services associated with crypto assets, Bybit Payments GmbH operates under the EMI license for electronic money and payment services. By integrating these offerings on Bybit.eu, the company aims to streamline interactions with European clients, simplifying access to a variety of financial services.

Georg Harer, Managing Director at Bybit EU GmbH and Bybit Payments GmbH, stated, "Europe sets a global example of how digital assets and financial services can progress concurrently within a clear regulatory framework." He emphasized that the acquisition of the EMI license is pivotal in realizing Bybit’s long-term ambitions in Europe, noting that it complements the authorization of MiCAR to create a robust regulatory environment that merges crypto assets, payment services, and everyday financial services on Bybit.eu.

Future Services and Technology Enhancements

With the EMI license, Bybit Payments GmbH is positioned to develop a range of payment functionalities in the future. These may encompass peer-to-peer (P2P) transactions, electronic money services, Strong Customer Authentication (SCA), open banking features, merchant payment solutions, as well as next-generation card products as they are implemented in accordance with existing regulations.

Bernhard Krick, Managing Director at Bybit Payments GmbH, explained that the EMI license enables the creation of regulated payment services that work in tandem with the crypto asset offerings from Bybit EU GmbH. Importantly, the structure maintains clear distinctions between the regulated entities, allowing each to provide services strictly within their licensing boundaries, while clients can access all these services through the Bybit.eu platform.

The EMI license also opens doors for Bybit Payments GmbH to forge strategic partnerships with financial institutions, payment service providers, and corporate partners, while gradually reducing reliance on external payment infrastructure.

Details regarding specific product launch dates and phased service rollouts across Europe will be shared in the near future, reaffirming Bybit’s commitment to delivering a comprehensive, regulated financial ecosystem for its users.

Conclusion

This strategic expansion not only underlines Bybit's commitment to enhancing its service offerings but also showcases its adaptability to the evolving regulatory landscape in Europe. Bybit.eus focus on creating a cohesive framework for financial and crypto services paves the way for a more integrated financial future in the European market. The successful acquisition of the EMI license represents a stepping stone in Bybit's journey toward delivering diverse and compliant financial solutions to its clients.