Austria’s FMA fined Bitpanda 70,000 euros, approximately $82,000, in what stands as the first publicly disclosed enforcement penalty under the EU’s Markets in Crypto-Assets Regulation MiCA. The breaches were procedural and disclosure-related: failing to submit a white paper to the regulator 20 working days before publishing it, running a marketing communication before the underlying white paper, and omitting a required disclaimer and contact details. The violations were not related to fraud or investor-loss allegations, and the ruling is legally final. The penalty comes as MiCA’s transition period for crypto firms is winding down across the bloc. Brussels is expected to revisit MiCA in 2027 to tighten oversight of foreign stablecoin issuers.
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