The FMA mentioned Bitpanda breached MiCA guidelines on crypto white papers and advertising communications, with the choice now closing.
Austria’s monetary regulator has fined crypto platform Bitpanda 70,000 euros ($82,000) for violating the European Union’s Markets in Crypto-Belongings Regulation, within the watchdog’s first printed closing penalty beneath MiCA.
The Austrian Monetary Market Authority (FMA) mentioned Friday that Bitpanda did not submit a crypto-asset white paper to the regulator no less than 20 working days earlier than its publication, as required beneath MiCA.
Bitpanda additionally distributed a advertising communication earlier than publishing the required white paper, in keeping with the regulator.
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