Bybit Payments GmbH Secures Electronic Money Institution Licence

Bybit Payments GmbH has been granted an Electronic Money Institution (EMI) licence by Austria's Financial Market Authority (FMA), allowing it to provide regulated e-money and payment services through the Bybit.eu platform.

The EMI licence will support regulated e-money and payment services alongside crypto-asset services on the Bybit.eu platform. The two Austrian entities, Bybit Payments GmbH and Bybit EU GmbH, have distinct regulatory permissions and responsibilities to comply with regulatory requirements.

'Europe is setting the global benchmark for how digital assets and financial services can evolve together under clear regulation,' said Georg Harer, Managing director at Bybit EU GmbH and Bybit Payments GmbH.