Today in crypto, Bybit has received regulatory approval under the European Union’s Markets in Crypto-Assets Regulation (MiCA) and has opened its European headquarters in Vienna, former US Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam said the agency should be given new authority to police crypto, and BlackRock is reportedly seeking to acquire a 10% stake in Circle ahead of its initial public offering (IPO).

Bybit secures MiCA license in Austria, opens EU base in Vienna

Bybit has obtained a MiCA license from Austria’s Financial Market Authority (FMA), allowing the exchange to expand into the European market.

The approval allows Bybit EU, registered under commercial number 636180i, to operate as a regulated crypto asset service provider (CASP) and extend its services across all 29 European Economic Area member states.

As part of its expansion, Bybit has officially established its European headquarters in Vienna, Austria, according to a May 29 news release shared with Cointelegraph.

The move enables the platform to serve nearly 500 million Europeans under MiCA’s harmonized framework, which is designed to promote regulatory consistency, prevent illicit activity and protect consumers.

“Securing the MiCAR license in Austria is a testament to our compliance-first approach at Bybit,” said Ben Zhou, co-founder and CEO of Bybit. “We are actively collaborating with regulators and pursuing licenses globally to ensure our users can access our innovative platform with the highest levels of regulatory and compliance assurance.”