Bybit Secures Austrian EMI License, Moves Into Regulated E-Money and Payments in Europe

Cryptocurrency exchange Bybit announced that its local subsidiary Bybit Payments GmbH has been awarded an Electronic Money Institution (EMI) license by Austria's Financial Market Authority (FMA). With the license in hand, Bybit can deliver regulated e-money and payment services across Europe through Bybit.eu. The approval builds on Bybit EU GmbH's existing authorization as a crypto asset service provider under the EU's Markets in Crypto-Assets Regulation (MiCAR), which took effect in May 2025. Bybit said the two entities will operate along clear lines: Bybit Payments will handle fiat and e-money business, while Bybit EU GmbH manages digital asset operations. Looking ahead, Bybit Payments plans to roll out peer-to-peer transfers, open banking features, merchant solutions, card schemes and strong customer authentication tools under the EMI framework. A company representative said the license will support direct partnerships with European financial institutions and payment processors.