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Bitpanda Fined €70,000 in Austria’s First Published MiCA Enforcement Case

The FMA said the sanction for a late white paper filing and missing marketing disclosures shows regulators are shifting from licensing to active enforcement under the EU crypto rulebook.

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First published mica case sees bitpanda fined eur 70,000 in austria
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Bitpanda says its token launch disclosures were prepared and submitted to the Austrian regulator

Overview

  • Austria’s Financial Market Authority imposed a final €70,000 penalty on Bitpanda for failing to submit a required crypto‑asset white paper at least 20 working days before publication and for distributing marketing materials that omitted mandatory MiCA disclosures.
  • The regulator found one marketing communication ran before the white paper was published and another left out the required statement that no EU authority had reviewed the document and the offeror was solely responsible, along with a telephone number and email address.
  • The FMA closed the case using an expedited administrative procedure under Section 22(2b) of its authority act and described the decision as its first published final MiCA ruling while cautioning the label’s limits.
  • Bitpanda said the breaches involved timing and formal specifications, corrected the issues after the FMA raised them, accepted a swift consensual resolution, and continues to hold MiCA authorizations in Austria and via Germany’s BaFin.
  • The action marks an early example of EU MiCA moving into public enforcement and could prompt closer scrutiny of white papers and marketing by other crypto firms as the bloc enforces its unified disclosure and advertising rules.