Bybit Expands EU Presence with EMI License from Austria

Bybit Payments GmbH has received an Electronic Money Institution (EMI) license from Austria's Financial Market Authority, expanding Bybit's regulated presence in Europe. This approval allows the company to provide electronic money and payment services across the region through its Bybit.eu platform.

The EMI license is a separate entity from Bybit EU GmbH, which offers crypto-asset services under the European Union's Markets in Crypto-Assets (MiCA) framework. Georg Harer, Managing Director at Bybit EU GmbH and Bybit Payments GmbH, noted that Europe is setting 'the global benchmark for how digital assets and financial services can evolve together under clear regulation.'

Bybit Payments GmbH will provide electronic money and payment services, while Bybit EU GmbH will remain responsible for crypto-asset services. The company has stated that this structure supports regulatory compliance while offering users a unified experience across payment and crypto services.