With the MiCA license, Bitpanda can now operate in all 27 European Union member states under a single set of regulations.
The Federal Financial Supervisory Authority of Germany has granted Bitpanda a MiCA license, which enables it to function within a single regulatory framework that applies to all 27 EU member states.
The MiCA license resolves long-standing issues with inconsistent regulations across nations by establishing a uniform regulatory framework for the European cryptocurrency market.
In addition to standardizing regulations for crypto service providers and outlawing reverse solicitation, the framework simplifies licensing requirements. It mandates that non-EU companies obtain an EU license before providing services.
Bitpanda’s Adoption in Europe
Bitpanda‘s leadership reaffirmed thepanda’s leadership, reaffirming to Deputy CEO Lukas Enzersdorfer-Konrad that the license will promote adoption and expansion in European markets and is consistent with the business’s dedication to regulatory compliance.
The license allows the platform to provide regulated financial services to a broader audience within the European Union, CEO Eric Demuth stated.
Demuth stated, “This milestone unlocks unparalleled growth potential in a market we’re ready to conquer fully, allowing us to bring simple and secure investing to over 450 million people.”
Bitpanda’s operational complexity is reduced by the MiCA license, eliminating the need for separate country-specific permissions. The framework improves investor safeguards by placing stricter standards on cryptocurrency companies to avoid misconduct.
Bitpanda intends to use the new license to scale its institutional and retail services throughout the EU, utilizing the unified regulatory framework to increase its user base and product offerings.
Bitpanda was founded in 2014, and by December 2024, it had expanded from 1 million users in 2019 to 6 million. The business provides various products, including equities, commodities, and cryptocurrencies, and has 17 licenses, including PSD2 and MiFID II.
