The newly acquired licence permits Bybit Payments GmbH to offer e-money and payment processing, functioning alongside the crypto-asset services already managed by its sister entity, Bybit EU GmbH. The latter has operated under the Markets in Crypto-Assets Regulation (MiCAR) framework since May 2025. By maintaining two distinct legal entities, the company ensures strict adherence to European regulatory requirements while providing a unified user experience on the Bybit.eu platform.
Bybit Secures Electronic Money Licence in Austria
Austria’s Financial Market Authority has granted an Electronic Money Institution licence to Bybit Payments GmbH, marking a significant expansion for the exchange’s European operations. This regulatory approval allows the firm to integrate payment services directly into its existing platform, bridging the gap between digital assets and traditional finance.
Georg Harer, managing director at both entities, stated that the move reflects a long-term commitment to the European market, positioning the platform to harmonize digital assets with conventional financial tools. For the company, the licence serves as a foundation for future capabilities, including person-to-person payments, open-banking integration, and potential card offerings. Bernhard Krick, managing director at Bybit Payments GmbH, emphasized that the structure allows the firm to reduce its reliance on third-party payment infrastructure while building deeper relationships with enterprise partners and financial institutions across the region.
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