The Austrian Fintech Unicorn Bitpanda has obtained its third license under the European Union markets within the framework of the Crypto-ASETS (MICA), which increased its organizational scope through the mass.
On April 10, Bitpanda announced the receiving of a new Mika license from the Austrian Capital Market Authority (FMA), which is the third after approvals from the organizers in Germany and Malta.
“The most recent step towards building the most organized encryption platform in Europe,” the stock exchange said in an advertisement.
source: Bitpanda
Mika, which caused a full effect on December 30, 2024, Designed to provide a coordinated legal framework For CASPS service providers through the European Union. Despite this goal, Bitpanda’s pursuit of multiple licenses raises questions about how MICA is constantly interpreting and applying it across the mass.
Mika collection story in your home
Bitpanda, which is based in Vienna, was one of the first coding service providers (CASP) to receive the Mika license yet The frame was introduced into full force On December 30, 2024.
The Federal Financial Supervision Authority (BAFIN) was the first organizer of Issuing the Mika license for BetbandaThe company announced on January 23.
According to Bitpanda’s announcement on LinkedIn, it is later content Another Mika license from the MFSA.
Related to: OKC Crypto Exchange 1.2 million dollars for previous AML breaches
The company wrote: “After yesterday’s announcement of our first license from Michar, this second license sends a clear message: Bitpanda determines the standard as the most encryption platform in Europe,” the company wrote.
Bitpanda has announced the receiving of a MICA license from the LinkedIn. Source: LinkedIn Publishing Date of Publishing
At the time of publication, none of the concerned organizers – the German FMA, the German, or MFSA in Malta – maintains the audiences that show the companies that have received MICA licenses.
Data from the Austrian Capital Market Authority on Bitpanda license. Source: FMA
According to FMA Austria RecordsBitpanda currently has four different approvals in Austria and Germany for entities including Bitpanda Asset Management GmbH, Bitpanda Financial Services GmbH, Bitpanda GmbH and Bitpanda Payments GmbH.
Does Mika provide multiple licenses in the European Union countries?
It was proposed in 2020, Mica Framework was designed to set comprehensive regulations to supply across the European Union, creating “European United European Union Market Rules for encrypted couples”, ” According to To Mika’s main organizer, Securities and European Markets.
Despite the goal of MICA to coordinate encryption organization across the European Union, Bitpanda’s endeavor to multiple licenses indicate that regulatory contradictions may still exist between member states.
Cointelegraph is approaching Bitpanda to comment regarding his dealings while securing multiple MICA licenses but did not receive a response at the time of publication.
magazine: How encryption laws change all over the world in 2025
