The WhiteBIT EU Operator WB-Shield Innovations GmbH bulletin indicates that the company has been authorized by the Austrian Financial Markets Authority (FMA) under the Regulation on the Regulation of Encrypted Asset Markets, MiCA. This means that the company can provide regulated encrypted asset services to eligible EEA users under the MiCA framework, which does not cover Malta.
Austrian regulatory authority
MiCA establishes a unified regulatory framework for EU encrypted asset service providers covering governance, information disclosure, customer protection and market integrity requirements. WhiteBIT EU was granted this time in Austria, which means that it has completed a round of formal regulatory reviews and is able to move forward with its operations in the European Economic Area in accordance with the usual mechanism of the MiCA.
According to the company, this mandate is part of its European expansion plan and will also integrate former European operations under a single regulatory framework. According to WhiteBIT, this would support both retail and institutional customers.
- Authorized agency: Austrian Financial Markets Authority FMA
- Scope of application: European Economic Area, except Malta
- Regulatory basis: EU MiCA framework
Plan to go online on Europe-specific platforms
As part of the transition to the MiCA system, WhiteBIT is preparing to launch Whitebit.eu. The platform will be accessible to EEA users and will serve as a local compliance entry point for companies to receive their products and services.
The company indicated that users interested in using the platform could register through a web-based form in order to receive updated information after the platform went online. No specific contact time is disclosed.
WhiteBIT accelerated European layout
WhiteBIT states that the company was initially based on the European market and that Europe remains its long-term focus. According to Volodymyr Nosov, founder of the company and President of WGroup, MiCA is becoming an important reference for digital asset control, and this approval has strengthened the company ' s plans to build compliance in Europe.
WhiteBIT was founded in 2018. According to the company, its W Group currently serves more than 35 million clients worldwide and cooperates with Visa, FACEIT, the Barcelona Football Club, Juventus and the Ukrainian National Football Team.
Additional information:Original in a unilateral corporate disclosure, the core information is focused on licensing approval, EEA service coverage and preparation for the Whitebit.eu platform, without disclosure of the list of new products or the specific date of their entry.