Bitpanda Secures MiCA Licence, Expanding Compliance Across the EU

Bitpanda, a leading cryptocurrency platform, has been granted a Market in Crypto-Assets (MiCA) licence by Germany’s Federal Financial Supervisory Authority. This milestone enables the company to operate under a unified regulatory framework across all 27 EU member states.

A Unified Regulatory Framework for the Crypto Industry

The MiCA licence introduces a single regulatory regime for the crypto industry in Europe, addressing long-standing challenges related to fragmented rules across countries. This framework provides licensing clarity, standardizes rules for crypto service providers, and prohibits reverse solicitation, requiring non-EU firms to secure an EU licence before offering services.

European Adoption and Growth

Bitpanda’s leadership emphasized the significance of this milestone. Lukas Enzersdorfer-Konrad, Deputy CEO, stated that the licence aligns with the company’s commitment to regulatory compliance and will drive adoption and growth in European markets. CEO Eric Demuth added that the licence enables the platform to offer regulated investment services to a broader audience across the EU.

“This milestone enables us to bring easy and safe investing to over 450 million people, unlocking unparalleled growth potential in a market we’re ready to fully conquer.”

Benefits of the MiCA Licence

The MiCA licence removes the need for individual country-specific approvals, reducing operational complexities for Bitpanda. The framework also enhances investor protections by introducing stricter obligations on crypto firms to prevent malpractice.

With the new licence, Bitpanda plans to scale its retail and institutional services across the EU, taking advantage of the harmonized regulatory environment to expand its offerings and user base.

About Bitpanda

Founded in 2014, Bitpanda has grown its user base from 1 million in 2019 to 6 million by December 2024. The company holds 17 licences, including PSD2 and MiFID II, and offers a range of products spanning cryptocurrencies, stocks, and commodities.

For more news on the cryptocurrency market and regulatory developments, stay tuned to Global Crypto News.

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