MiCA Rules Hit Bitpanda With Austria’s First Published Penalty
Austria’s financial regulator has fined Bitpanda €70,000 for violating MiCA requirements.
The FMA said Bitpanda failed to submit a crypto asset white paper on time. The company also published marketing material before submitting the required document.
Another advertisement lacked mandatory disclosures and required contact information.
The penalty was issued under an expedited procedure and is now final.
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