Bybit obtains Austrian EMI license for EU payment services

Cryptocurrency exchange Bybit has secured a key regulatory license in Austria, allowing it to offer regulated electronic money and payment services across the European Union. The Financial Market Authority of Austria granted an Electronic Money Institution license to Bybit Payments GmbH on August 4, 2026, under the country's E-Money Act 2010.

The authorization permits the Vienna-based subsidiary to issue electronic money and provide a range of regulated payment services, including processing incoming and outgoing transactions and issuing payment instruments. This milestone complements Bybit's existing authorization under the European Union's Markets in Crypto-Assets Regulation, which its separate entity, Bybit EU GmbH, has held since May 2025 for crypto-asset services.

Company officials stated that the new license creates a dual regulatory framework, with Bybit Payments handling fiat currency and electronic money operations while Bybit EU continues to manage digital asset services. Both sets of services will be accessible to customers through the single Bybit.eu platform, though the corporate and regulatory structures will remain distinct. Georg Harer, managing director of both...