Austria's FMA Fines Bitpanda $81,000 for MiCA White Paper Violations
Austria’s Financial Market Authority has fined Bitpanda GmbH EUR 70,000, or around $81,130 (roughly Rs.
77.6 lakh), for breaching requirements under the European Union’s Markets in Crypto-Assets Regulation.
The regulator said Bitpanda failed to submit a crypto-asset white paper at least 20 business days before its release and distributed marketing material prematurely.
The company said the issues related to timing and formal requirements and were addressed after receiving the regulator’s notification.
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