Bybit Subsidiary Secures Austrian EMI License for Regulated Payment Services

Bybit Payments GmbH obtains Austrian EMI license, enabling regulated payment services while keeping crypto assets separate under MiCAR-compliant entity.

Woofun AI reports that Bybit Payments GmbH, a subsidiary of Bybit.eu, has secured an Electronic Money Institution license from the Austrian Financial Market Authority. This authorization permits the provision of regulated electronic money and payment services via the Bybit.eu platform, distinct from crypto asset services managed separately by Bybit EU GmbH under its May 2025 MiCAR approval. The license supports future payment functionalities, including peer-to-peer transfers, Strong Customer Authentication, open banking, and merchant solutions, aiming to foster strategic partnerships and reduce third-party infrastructure dependence.