Austria's FMA fined Bitpanda €70,000 in its first published MiCA penalty, citing white paper and marketing disclosure failures.

Austria's FMA fined crypto broker Bitpanda €70,000, equivalent to $81,000, marking its first published penalty under the MiCA regulations. The fine was issued due to failures in white paper and marketing disclosures.

Austria’s FMA fines crypto broker Bitpanda $81,000 in first published MiCA penalty

The fine stems from Bitpanda failing to submit a mandatory white paper 20 days before publication and omitting required disclosures in marketing materials.

Bitpanda has been fined 70,000 euros in Austria's first published MiCA enforcement case due to its failure to submit a mandatory white paper 20 days prior to publication and for omitting required disclosures in its marketing materials.

Bitpanda fined 70,000 euros in Austria’s first published MiCA enforcement case

Austria has fined Bitpanda €70,000 ($82,000) for breaches of the European Union’s Markets in Crypto-Assets Regulation, making the case the Austrian regulator’s first published final penalty under MiCA. The Austrian Financial Market Authority said Friday that Bitpanda failed to submit&#8230;

Austria has imposed a €70,000 ($82,000) fine on Bitpanda for violations of the European Union’s Markets in Crypto-Assets Regulation, marking the first published final penalty under MiCA by the Austrian Financial Market Authority. The regulator stated that Bitpanda failed to submit required documentation.

Bitpanda fined €70,000 by Austrian regulator over MiCA breaches

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-european-union-moves-to-regulate-crypto-asset-market-bitpanda.jpg" alt="Bitpanda fined in Austria’s first published MiCA penalty" class="type:primaryImage"></p><p>The FMA said Bitpanda breached MiCA rules on crypto white papers and marketing communications, with the decision now final.</p>

Bitpanda has been fined by Austria's Financial Market Authority (FMA) for breaching MiCA rules related to crypto white papers and marketing communications. The decision is now final.

Bitpanda fined in Austria’s first published MiCA penalty

فرضت هيئة السوق المالية النمساوية (FMA) غرامة قدرها 70,000 يورو (81,000 دولار) على وسيط العملات المشفرة Bitpanda، مما يمثل أول عقوبة منشورة بموجب لائحة الأسواق الأوروبية للأصول المشفرة (MiCA). كانت الغرامة بسبب الفشل في تقديم ورقة بيضاء إلزامية والإفصاحات التسويقية المطلوبة.

La Autoridad del Mercado Financiero (FMA) de Austria ha impuesto una multa de 70,000 € (81,000 $) al corredor de criptomonedas Bitpanda, marcando la primera penalización publicada bajo el Reglamento de Mercados de Criptoactivos (MiCA) de la UE. La multa se debió a fallos en la presentación de un libro blanco obligatorio y divulgaciones de marketing requeridas.

L'Autorité des marchés financiers (FMA) d'Autriche a infligé une amende de 70 000 € (81 000 $) au courtier en crypto Bitpanda, marquant la première pénalité publiée dans le cadre du règlement de l'UE sur les marchés des crypto-actifs (MiCA). L'amende est due à des manquements dans la soumission d'un livre blanc obligatoire et des divulgations marketing requises.