The cryptocurrency exchange Bybit has achieved a significant regulatory milestone with the official approval of its Markets in Crypto-Assets Regulation (MiCAR) license by the Austrian Financial Market Authority (FMA). This landmark development authorizes Bybit EU GmbH to offer fully compliant crypto services across the European Union, reinforcing its commitment to regulatory adherence and long-term growth in one of the world’s most scrutinized financial markets.
As MiCA regulations came into effect in early 2025, Bybit strategically selected Austria as its EU hub, positioning itself to serve all 27 EU member states under a single, unified regulatory framework. The exchange has established its European headquarters in Vienna, where it plans to hire over 100 employees and strengthen regional engagement through academic partnerships via its Blockchain for Good Alliance (BGA).
A Strategic Move Toward Full EU Compliance
Bybit’s MiCAR authorization marks a pivotal step in its global expansion strategy. Operating under strict supervision from the FMA, the platform is now empowered to deliver regulated digital asset services to nearly 500 million European users. This includes trading, custody, and other crypto-related offerings that align with MiCA’s core objectives: transparency, consumer protection, and financial stability.
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The license confirms that Bybit meets rigorous standards designed to prevent market abuse, ensure operational resilience, and promote clear disclosure practices. These safeguards are central to building trust within the EU’s evolving digital finance ecosystem.
Ben Zhou, Co-Founder and CEO of Bybit, emphasized the importance of this achievement:
“Securing the MiCAR license in Austria underscores our compliance-first approach… We’re actively collaborating with regulators worldwide to obtain licenses, ensuring our users can access our innovative platform with the highest level of regulatory assurance.”
This proactive stance reflects Bybit’s broader mission to operate transparently while pushing the boundaries of blockchain innovation.
Commitment to Regional Engagement and Innovation
Beyond regulatory compliance, Bybit is deepening its roots in Europe through education and community development. Through the Blockchain for Good Alliance, the exchange is partnering with local universities to support research, foster talent, and explore real-world applications of distributed ledger technology.
Mazurka Zeng, CEO of Bybit Europe, highlighted the significance of the MiCAR approval:
“This license demonstrates our unwavering commitment to compliance and transparency—values that align closely with European regulatory expectations.”
Such initiatives not only strengthen Bybit’s presence in the region but also contribute to the sustainable growth of the blockchain sector in Europe.
Adapting Services to Meet Evolving Regulatory Standards
In December 2024, Bybit proactively adjusted its operations within the European Economic Area (EEA) to prepare for MiCA compliance. As part of this transition, the platform temporarily paused general communications with EEA users to remain within regulatory boundaries. Importantly, existing customers retained uninterrupted access to their digital assets during this period.
These adjustments were described as temporary measures aimed at ensuring full alignment with EU rules before re-engaging the broader EEA market post-licensing. Today, Bybit stands among the first fully compliant platforms serving the EEA’s growing cryptocurrency community.
Expanding Access with Sharia-Compliant Trading Options
In a move that highlights its focus on inclusive financial access, Bybit launched Islamic accounts—becoming the first major global crypto exchange to offer Sharia-compliant trading services. This initiative serves an estimated 1.9 billion Muslims worldwide who seek investment opportunities aligned with Islamic principles.
To ensure authenticity and compliance, Bybit partnered with Crypto Halal and ZICO Holdings to achieve dual Sharia certification. Every product offered under the Islamic account framework undergoes rigorous review to meet the highest ethical and religious standards, including the prohibition of interest (riba), speculation (gharar), and involvement in prohibited industries.
This innovation not only broadens financial inclusion but also sets a benchmark for ethical fintech development in the digital asset space.
Global Regulatory Momentum Beyond Europe
Bybit’s compliance journey extends far beyond Europe. The exchange has secured comprehensive licensing in multiple jurisdictions, reflecting its strategy of operating legally and transparently around the world.
In Kazakhstan, Bybit obtained full authorization from the Astana Financial Services Authority (AFSA), enabling it to operate as a licensed market institution. Under AFSA oversight, Bybit provides a range of services including digital asset trading infrastructure, custody solutions, investment agency functions, and portfolio management.
Similarly, Bybit Türkiye has received formal recognition from Turkey’s Capital Markets Board (CMB) as a certified crypto asset service provider. Operating through Narkasa Yazılım Ticaret Anonim Şirketi, the Turkish arm supports the nation’s burgeoning crypto economy while maintaining strict regulatory compliance.
To enhance local usability, Bybit introduced TRY (Turkish Lira) trading pairs on its spot market. This allows Turkish users to directly buy and sell major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) using their local currency—improving accessibility and reducing friction for retail investors.
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Frequently Asked Questions (FAQ)
Q: What is MiCAR and why does it matter?
A: MiCAR (Markets in Crypto-Assets Regulation) is the European Union’s comprehensive regulatory framework for cryptocurrency assets. It ensures transparency, investor protection, and financial stability across all EU member states. Compliance allows exchanges to legally operate throughout Europe.
Q: Does Bybit’s MiCAR license cover all EU countries?
A: Yes. With authorization from Austria’s FMA under MiCAR, Bybit can provide regulated crypto services across all 27 EU member states through passporting rights.
Q: Are customer funds safe under MiCAR regulation?
A: Absolutely. MiCAR mandates strict capital requirements, regular audits, risk management protocols, and clear disclosure—significantly enhancing user protection compared to unregulated platforms.
Q: Can EEA users currently trade on Bybit?
A: Yes. After temporary adjustments in late 2024, Bybit has resumed full service for EEA users following its MiCAR approval.
Q: What makes an Islamic crypto account different?
A: Islamic accounts comply with Sharia law by avoiding interest-based activities, excessive speculation, and investments in prohibited sectors. All products are independently certified by recognized Islamic finance authorities.
Q: Is Bybit licensed outside Europe?
A: Yes. Bybit holds licenses in several jurisdictions, including Kazakhstan (AFSA) and Turkey (CMB), demonstrating its commitment to global regulatory compliance.
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Final Thoughts
Bybit’s acquisition of the Austrian MiCAR license represents more than just regulatory approval—it signals a new era of institutional-grade legitimacy for digital asset platforms. By combining compliance with innovation, user-centric design, and global outreach, Bybit is setting a precedent for what a responsible crypto exchange should look like in 2025 and beyond.
As regulatory landscapes continue to evolve worldwide, exchanges that prioritize transparency, security, and inclusivity will lead the next phase of blockchain adoption. Bybit’s strategic moves in Europe and beyond position it as a key player in this transformation.
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