Image Credit: Bybit
Bybit Payments GmbH has received an electronic money institution license from Austria’s Financial Market Authority, authorizing the company to issue e-money and provide specified payment services.
The approval was granted on August 4 and complements the separate Markets in Crypto-Assets authorization held by Bybit EU GmbH. The two Austrian entities will provide their respective services through Bybit.eu while remaining subject to distinct regulatory permissions and responsibilities.
License Covers E-Money Issuance and Four Payment Services
The FMA authorized Bybit Payments to issue electronic money under Austria’s E-Money Act 2010. The company is also permitted to provide deposit and withdrawal services, execute payment transactions, and issue or acquire payment instruments under Austria’s Payment Services Act 2018.
Bybit said the authorization may support future person-to-person payments, Strong Customer Authentication, open-banking functions, merchant payment services and card initiatives. Those products are not immediately available. Their introduction will remain subject to applicable requirements, product terms and availability in individual European jurisdictions.
Bybit Payments and Bybit EU Operate Under Separate Licenses
Bybit EU GmbH received its MiCA authorization from the FMA in May 2025. Its approved services cover crypto custody, exchanges between crypto assets and funds, crypto-to-crypto exchanges, token placements and client transfer services.
Bybit Payments will instead provide regulated e-money and payment services as those products are introduced. Bybit said maintaining a clear distinction between the two entities is necessary because each company must operate within its own permissions.
Customers will be able to access services from both entities through the Bybit.eu platform, but the shared interface does not combine their regulatory responsibilities.
Payment Product Launch Dates and Countries Remain Undisclosed
Bybit said the license may help its payments arm develop relationships with financial institutions, payment providers and enterprise partners while reducing reliance on third-party payment infrastructure over time.
The company has not confirmed which payment product will launch first, which countries will receive it or the final terms that will apply.
Bybit said concrete product dates and details of the wider European rollout will be announced later. Until then, the license establishes the regulatory basis for future payment services rather than an immediate product launch.
