Written by Ezra Reguerrastaff writerReviewed by Felix Ngstaff editor

Written by Ezra Reguerrastaff writer

Reviewed by Felix Ngstaff editor

Bybit’s EU payments arm secures Austrian e-money license

Latest NewsPublishedAug 5, 2026

Breaking Down Barriers in Crypto Payments

The world of cryptocurrency is becoming increasingly accessible, and a recent development is set to make a significant impact on the industry. Bybit’s Austrian payments subsidiary has secured an electronic money institution license, paving the way for the introduction of new payment and e-money services. This move is expected to enhance the overall user experience and provide a more streamlined approach to crypto transactions. With this license, Bybit is well-positioned to expand its services, offering users a more comprehensive platform for managing their digital assets. The license will enable Bybit to develop card, merchant, open-banking, and person-to-person payment services.

Expanding Services in the EU

Bybit’s European payments subsidiary, Bybit Payments GmbH, has received the electronic money institution license from Austria’s Financial Market Authority. This authorization provides a legal basis for the company to introduce a range of payment capabilities, including person-to-person payments, merchant payment solutions, and card products. The payment services will be offered through Bybit.eu, alongside services provided by Bybit EU GmbH, which is authorized under the European Union’s Markets in Crypto-Assets Regulation. Bybit.eu serves users across the European Economic Area, excluding Malta, where services are not available due to regulatory requirements.

Strengthening Relationships and Reducing Reliance on Third-Party Infrastructure

The new regulatory milestone is expected to strengthen Bybit’s relationship with banks, payment providers, and enterprises, while reducing its reliance on third-party payment infrastructure. This development will enable Bybit to provide a more seamless and integrated experience for its users, making it an attractive option for those looking to earn passive income through crypto investments, such as those offered by EcoPool. With the ability to provide regulated electronic money and payment products, Bybit is poised to become a leading player in the crypto industry, offering a range of services that cater to the needs of users looking to earn and manage their digital assets, including $ECP and other cryptocurrencies.

Conclusion and Next Steps

In conclusion, Bybit’s recent license approval is a significant development in the crypto industry, and it highlights the importance of regulatory compliance in expanding services and improving user experience. As the industry continues to evolve, it’s essential for users to stay informed about the latest developments and opportunities for earning passive income through crypto investments. For those interested in exploring the world of crypto and earning opportunities, such as those offered by EcoPool, downloading the EcoPool app is a great place to start. The EcoPool app provides a user-friendly platform for earning and managing digital assets, including $ECP, and offers a range of features and benefits that cater to the needs of users looking to earn passive income through crypto investments, such as Cloud Rewards and Green Crypto, and experience the benefits of EcoPool and $ECP, and #PassiveIncome, and #Bitcoin.

Bybit has not specified the reason why Malta was excluded, but said on its website that services are available only in jurisdictions where applicable MiCA passporting requirements have been met.

Bybit said the two entities will maintain distinct regulatory permissions and responsibilities. Bybit EU GmbH is authorized to provide crypto custody, exchange, placement and transfer services, while Bybit Payments GmbH will handle regulated electronic money and payment products as they are introduced.

The exchange said the new regulatory milestone could help strengthen its relationship with banks, payment providers and enterprises while reducing its reliance on third-party payment infrastructure. 

Related: Crypto exchange Bybit launches in Indonesia after NOBI acquisition

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Bybit
• Policy
• MiCA
• Europe
• European Union
• Regulation

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