The Austrian Financial Market Supervisory Authority issued a 70,000 euro ticket to Bitpanda for the first time under the MiCA framework

According to Bitcoin.com, on 14 August the Austrian Financial Market Supervisory Authority (FMA) fined the encryption exchange Bitpanda a fine of Euro70,000 (approximately US$ 8030,000), making it the first legally binding case of punishment under the EU Code for the Encrypted Assets Market (MiCA). FMA stated that Bitpanda had failed to submit a white paper on encrypted assets at least 20 days prior to the commissioning of the currency transaction, contrary to article 8 of the MiCA, and had issued an unauthorized marketing notice without its publication。