Bybit Secures Austrian EMI License for Regulated EU Payments

Bybit has obtained an Electronic Money Institution (EMI) license in Austria, allowing its local payments subsidiary to offer regulated electronic money and payment services across the European Union.

The Austrian Financial Market Authority granted Bybit Payments GmbH the EMI license on August 4, giving it a regulated foundation for expanding financial services across Europe through Bybit.eu.

Bybit's payments unit will operate independently from its crypto-asset services entity, which is authorized under the Markets in Crypto-Assets (MiCA) framework. This separation allows Bybit to offer a unified interface without combining its payment and crypto operations under one regulatory permission.

The company plans to introduce person-to-person transfers, electronic money products, and Strong Customer Authentication features, as well as open banking tools, merchant payment services, and payment cards. However, these offerings remain subject to further regulatory requirements and product approvals.