In brief: Bitpanda European cryptocurrency platform obtains MICAR license

Bitpanda, the European cryptocurrency platform based in Vienna, received the MICAR license from the BaFin. It becomes the first cryptocurrency company to receive this distinction. This major step forward will enable the company to deploy its services within the European Union quickly and in a simplified way.

Despite the lack of regulation and standards in the world of cryptocurrency, Bitpanda seems determined to transform this dynamic in the 27 EU countries. The Austrian company stands out by holding, in addition to the MiCAR licence, several prestigious accreditations such as PSD2 and MiFID II. Moreover, Bitpanda's rapid growth from 1 million to 6 million users between 2019 and December 2024 reflects its commitment to innovation and user confidence.

What are the benefits of the MICAR licence?

• The licence establishes a harmonised legal framework at EU level, ensuring that each Member State applies the same rules, which simplifies transactions in cryptocurrency.

• MiCAR offers investor protection in all areas and facilitates simple and secure investments for more than 450 million people.

Bitpanda strengthens its position in the cryptocurrency market and aims for a significant expansion to fully conquer this sector.

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