Bybit obtains EMI license in Austria and will provide regulated electronic money and payment services in Europe

Cryptocurrency platform Bybit announced that its local subsidiary Bybit Payments GmbH has been granted an Electronic Money Institution (EMI) license by the Austrian Financial Market Authority (FMA), allowing it to offer regulated electronic money and payment services in Europe through Bybit.eu.

Bybit EU GmbH has been authorized as a crypto asset service provider under the EU's Markets in Crypto-Assets Regulation (MiCAR) since May 2025. Bybit stated that Bybit Payments will be responsible for fiat and electronic money operations, while Bybit EU GmbH will handle digital asset business. Bybit Payments plans to launch peer-to-peer transfers, open banking features, merchant solutions, card programs, and strong customer authentication tools based on the EMI framework. Company representatives indicated that this license will support its direct collaboration with European financial institutions and payment processors.