- Bybit Payments GmbH secured an electronic money institution license from Austria’s Financial Market Authority
- The license enables future payment services including person-to-person transfers, merchant solutions, open banking, and card products
- Bybit EU GmbH remains the MiCA-authorized crypto entity since May 2025
- Malta is excluded from Bybit.eu services due to MiCA passporting requirements
- The regulatory milestone aims to reduce reliance on third-party payment infrastructure
Bybit’s European payments subsidiary has secured an electronic money institution license from Austria’s Financial Market Authority, providing the exchange with a regulatory basis to add payment and e-money services to its regional platform. The exchange announced the milestone Tuesday, confirming that Bybit Payments GmbH received the authorization.
The license enables future payment capabilities including person-to-person transfers, merchant payment solutions, open banking features, and card products. These services will be offered through Bybit.eu alongside services provided by Bybit EU GmbH, a separate Austrian entity authorized under the EU’s Markets in Crypto-Assets Regulation since May 2025.
Bybit.eu serves users across the European Economic Area, with Malta excluded. The exchange has not specified why Malta was excluded but stated on its website that services are available only in jurisdictions where applicable MiCA passporting requirements have been met.
The two entities will maintain distinct regulatory permissions and responsibilities. Bybit EU GmbH is authorized to provide crypto custody, exchange, placement, and transfer services, while Bybit Payments GmbH will handle regulated electronic money and payment products as they are introduced.
The exchange said this regulatory milestone could strengthen its relationships with banks, payment providers, and enterprises while reducing its reliance on third-party payment infrastructure. Consequently, Bybit aims to build a more integrated financial ecosystem across the EEA under its dual-entity structure.
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