Bybit Payments GmbH has secured an Electronic Money Institution (EMI) license from Austria’s Financial Market Authority.

The new regulatory approval allows the company to offer regulated e-money and payment services alongside existing crypto-asset products on the Bybit.eu platform.

It also provides the regulatory basis for Bybit Payments to introduce future payment capabilities in Europe. These may include person-to-person payments, open banking functionality, merchant payment solutions, and card initiatives.

Crypto-asset services on the platform will continue to be provided by Bybit EU GmbH, an Austrian crypto-asset service provider that received authorisation under the Markets in Crypto-Assets Regulation (MiCAR) in May 2025.

Both Austrian entities maintain distinct regulatory permissions and responsibilities to comply with local requirements. Customers will access their combined services through the unified Bybit.eu platform.

“Europe is setting the global benchmark for how digital assets and financial services can evolve together under clear regulation,”

said Georg Harer, Managing Director at Bybit EU GmbH and Bybit Payments GmbH.

He said the EMI license creates the complementary regulatory foundation needed to connect crypto-assets with everyday financial services for customers in Europe.

“Maintaining a clear distinction between the two regulated entities is fundamental,”

said Bernhard Krick, Managing Director at Bybit Payments GmbH.

“Each entity will provide services within its own permissions, while customers will be able to access those services through the Bybit.eu platform.”

The EMI license will also support Bybit Payments in developing strategic relationships with financial institutions, payment providers, and enterprise partners.

It is also expected to help reduce the company’s reliance on third-party payment infrastructure over time.

Featured image credit: Edited by Fintech News Switzerland, based on image by Frolopiaton Palm via Magnific