Bybit Payments Wins Austria EMI License Expands EU Regulatory Framework

Bybit has expanded its regulated presence in Europe after Bybit Payments GmbH received an Electronic Money Institution (EMI) license from Austria’s Financial Market Authority (FMA).

The approval allows the company to provide regulated electronic money and payment services while keeping its crypto-asset business under a separate MiCA-regulated entity.

Bybit Adds EMI License to European Operations

Bybit announced that its Austrian subsidiary, Bybit Payments GmbH, has received an Electronic Money Institution (EMI) license from Austria’s Financial Market Authority. The approval allows the company to provide regulated electronic money and payment services across Europe through the Bybit.eu platform.

Crypto-related services will continue to be offered by Bybit EU GmbH under its authorization granted through the European Union’s Markets in Crypto-Assets (MiCA) framework. Bybit said both entities will remain legally separate while operating through the same platform to provide customers with a unified experience.

Georg Harer, Managing Director at Bybit EU GmbH and Bybit Payments GmbH, said, “Europe is setting the global benchmark for how digital assets and financial services can evolve together under clear regulation.”

He added that the EMI license and MiCA authorization create complementary regulatory foundations connecting crypto assets, payments, and everyday financial services through Bybit.eu.

Separate Regulatory Roles Under One Platform

Bybit said Bybit Payments GmbH and Bybit EU GmbH will continue operating under separate regulatory permissions to comply with European rules. Bybit Payments GmbH will provide electronic money and payment services, while Bybit EU GmbH will remain responsible for crypto-asset services under its MiCA authorization.

Customers will access both services through the Bybit.eu platform, although each entity will operate only within its approved regulatory scope. The company said this structure supports regulatory compliance while offering users a more unified experience across payment and crypto services.

Bernhard Krick, Managing Director at Bybit Payments GmbH, said, “This licence enables Bybit Payments GmbH to build regulated payment capabilities that complement the crypto-asset services offered by Bybit EU GmbH.” He added that maintaining a clear distinction between the two regulated entities remains essential because each will provide services only within its authorized permissions.

License Supports Future Payment Services

The EMI license gives Bybit Payments GmbH the regulatory foundation to expand payment services in Europe. Future offerings may include person-to-person payments, electronic money services, Strong Customer Authentication, open banking features, merchant payment solutions, and payment cards, subject to regulatory approval.

The approval comes as Europe continues rolling out the MiCA framework. Earlier this year, As reported earlier by Coingape Ripple also received MiCA approval in Luxembourg, allowing it to expand regulated crypto payment services across the 30 European Economic Area markets.

Bybit also updated its BYUSDT product, allowing eligible users to earn yield while using the same holdings as collateral for CFD trading. With both an EMI license and MiCA authorization through separate entities, Bybit can provide regulated payment and crypto services on the Bybit.eu platform while maintaining distinct regulatory responsibilities.