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Regulatory clarity is changing how crypto-asset services are provided in Europe. Under the Markets in Crypto-Assets Regulation (“MiCAR”), crypto-asset service providers must comply with harmonised requirements across the European Economic Area (“EEA”), including rules on transparency, consumer protection, governance and market integrity.
Bybit EU GmbH is authorised in Austria as a Crypto-Asset Service Provider (“CASP”) under MiCAR. Bybit EU provides a dedicated European offering for eligible EEA residents in jurisdictions where its services are available, subject to applicable legal, regulatory and product availability restrictions.
Key takeaways
Bybit EU GmbH is authorised in Austria as a CASP under MiCAR and offers a dedicated European platform for eligible EEA residents, separate from the global Bybit platform. Services are not currently available to residents of Malta.
Availability of individual products and services may differ by country and may change over time.
MiCAR creates a harmonised European regulatory framework for crypto-assets and crypto-asset service providers.
MiCAR is the European Union’s regulatory framework for crypto-assets and crypto-asset service providers. It introduced harmonised rules across the EEA for the issuance, offering and provision of services relating to crypto-assets.
MiCAR is intended to support greater legal certainty, transparency and consumer protection in the crypto-asset sector. It includes requirements relating to, among other things:
authorisation and ongoing supervision of crypto-asset service providers;
safeguarding and segregation of client assets;
governance, risk management and operational resilience;
clear information and risk disclosures;
complaint-handling procedures;
market integrity and prevention of market abuse.
MiCAR does not remove the risks associated with crypto-assets. Crypto-assets can be highly volatile and may result in partial or total loss of capital.
Before MiCAR, crypto-asset regulation in Europe was more fragmented, with different requirements applying in different jurisdictions. MiCAR introduces a more consistent framework for authorised crypto-asset service providers across the EEA.
For users, this means that authorised CASPs are subject to defined regulatory obligations, including requirements on disclosures, governance, complaint handling and safeguarding of client assets. These requirements are supervised by competent authorities.
Regulatory authorisation does not mean that crypto-assets are risk-free, that profits are guaranteed, or that any regulator endorses a particular product, service or crypto-asset.
Bybit EU GmbH is authorised in Austria as a CASP under MiCAR. This authorisation allows Bybit EU to provide certain regulated crypto-asset services in EEA jurisdictions where its services are available, subject to applicable legal and regulatory requirements.
Bybit EU operates as the dedicated European entity for eligible EEA residents. It is separate from the global Bybit platform and provides services within the scope of its MiCAR authorisation.
Services via Bybit EU are not currently available to residents of Malta.
Using a MiCAR-authorised CASP means that the service provider is subject to specific regulatory obligations. These include requirements relating to:
Client asset safeguarding. Bybit EU is required to apply arrangements for the safeguarding and segregation of client assets in accordance with applicable MiCAR requirements.
Transparency. Information provided to users must be fair, clear and not misleading. Relevant fees, risks and product information must be presented in a clear manner.
Complaint handling. Users must have access to a documented complaint-handling process.
Regulatory supervision. Bybit EU is subject to supervision by the competent Austrian authority in respect of its MiCAR-regulated activities.
These protections do not eliminate the inherent risks of crypto-assets, including volatility, liquidity risk, operational risk and the potential loss of capital.
A MiCAR-authorised CASP is subject to regulatory requirements that may not apply to providers operating outside the MiCAR framework. These requirements may include governance, capital, operational resilience, asset safeguarding, disclosure and complaint-handling obligations.
Users should carefully assess whether a service provider is authorised, what services it is authorised to provide, and whether the specific product or service is available in their jurisdiction.
Bybit EU GmbH is authorised under MiCAR to provide certain crypto-asset services, including custody and administration of crypto-assets on behalf of clients, exchange of crypto-assets for funds, exchange of crypto-assets for other crypto-assets, placing of crypto-assets and transfer services for crypto-assets on behalf of clients.
Bybit EU may also make available products and features such as the Bybit Card, subject to applicable law, product terms, eligibility criteria and country-specific availability. Where a product or feature involves crypto-asset services, those services are provided within the scope of Bybit EU’s MiCAR authorisation, as applicable. Users should review the relevant product terms and risk disclosures before use.
Bybit EU has established its European operations in Vienna, Austria. Its European structure is designed to support compliance with MiCAR and other applicable regulatory requirements.
Bybit EU continues to develop its European offering in line with applicable law, regulatory expectations and user needs.
MiCAR is an important development for the European crypto-asset sector. It introduces a harmonised regulatory framework for authorised crypto-asset service providers and sets clearer standards for transparency, governance, consumer protection and market integrity.
Bybit EU GmbH is authorised in Austria as a CASP under MiCAR and provides a dedicated European platform for eligible EEA residents in jurisdictions where its services are available.
Investing in crypto-assets is associated with risks, including high volatility and the potential loss of capital. Inform yourself thoroughly about the risks before making an investment decision. This content constitutes a marketing communication within the meaning of the Markets in Crypto-Assets Regulation and is provided by Bybit EU GmbH. It does not constitute investment advice.
MiCAR stands for the Markets in Crypto-Assets Regulation. It is the EU regulatory framework for crypto-assets and crypto-asset service providers. It introduces harmonised requirements across the EEA relating to transparency, governance, consumer protection and market integrity.
Yes. Bybit EU GmbH is authorised in Austria as a Crypto-Asset Service Provider under MiCAR.
Bybit EU services are intended for eligible residents in EEA jurisdictions where services are available. Services are not currently available to residents of Malta. Availability may change and may depend on local legal, regulatory and product-specific restrictions.
Bybit EU offers a dedicated European product range, which may include crypto-asset exchange services, fiat on/off-ramp services, custody-related services, transfer services, Bybit Card and other services made available from time to time. Users should check the Bybit EU platform for the current list of available services.
No. MiCAR introduces regulatory requirements for authorised providers, but it does not remove the risks of crypto-assets. Crypto-assets may be highly volatile and users may lose part or all of their invested capital.
Risk disclaimer
Investing in crypto‑assets is associated with risks, including high volatility and the potential loss of capital. Inform yourself thoroughly about the risks before making an investment decision. The information provided in this article is strictly for educational and informational purposes and should not be construed as financial or investment advice.