Bitpanda Fined €70,000 Under MiCA Rules in Austria's First Enforcement Case
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- First detected:
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Austria's Financial Market Authority (FMA) has fined cryptocurrency firm Bitpanda €70,000 for violating MiCA (Markets in Crypto-Assets) regulations. The penalty, Austria's first published under MiCA, was issued for failing to submit a crypto asset white paper on time and publishing non-compliant marketing materials. Bitpanda also omitted mandatory disclosures in one advertisement.
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