Bitpanda, a popular Austrian cryptocurrency platform, has earned a Markets in Crypto-Assets (MiCA) license from Germany’s Federal Financial Supervisory Authority (BaFin). This milestone, announced on January 23, 2025, makes Bitpanda only the second crypto asset service provider to receive this designation since MiCA regulations went into effect in late 2024.
With the MiCA license, Bitpanda may now operate effortlessly across all 27 EU member states under a single regulatory framework. This result not only reaffirms the platform’s dedication to compliance, but it also improves its competitiveness in the European cryptocurrency industry.
Eric Demuth, Bitpanda’s co-founder and CEO, underlined the importance of effective enforcement in guaranteeing the viability of MiCA. He cautioned that without consistent application, the regulatory structure may fail to provide a level playing field for conforming businesses. “Robust enforcement is essential to prevent a scenario where firms adhering to regulations are disadvantaged compared to those bypassing the rules,” Demuth told the audience.
He also asked European policymakers to take inspiration from the United States, citing the proactive moves the country has made to establish itself as a global cryptocurrency hub. Demuth stated that Europe must adopt a similar approach in order to keep its competitive advantage in the rapidly changing Bitcoin business.
This achievement builds on the recent success of Boerse Stuttgart Digital Custody, which became the first business to obtain a MiCA license. Bitpanda’s milestone demonstrates MiCA’s transformative ability to standardize rules throughout Europe, build trust in the crypto business, and encourage innovation.
The EU’s ability to consistently execute and enforce its regulations will determine the effectiveness of MiCA as Europe pursues a cohesive approach to cryptocurrency regulation. If completed properly, MiCA might cement Europe’s position as a global leader in the cryptocurrency field.
