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Bitget Says EU MiCAR Application Is Under Review by Austrian Regulator

Bitget Says EU MiCAR Application Is Under Review by Austrian Regulator

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Bitget EU has applied for authorisation as a crypto-asset service provider under the European Union’s Markets in Crypto-Assets Regulation, placing Austria at the centre of the exchange group’s next regulatory step in the bloc. The application, filed with the Austrian Financial Market Authority, comes as MiCAR licensing decisions are becoming increasingly important for large crypto platforms seeking uninterrupted access to EU users.

Bitget EU Files MiCAR Application in Austria

Bitget EU has submitted an application for authorisation as a crypto-asset service provider under Regulation (EU) 2023/1114 on Markets in Crypto-Assets, known as MiCAR, to Austria’s Financial Market Authority. Gracy Chen, CEO of Bitget, also shared the update on X, telling the exchange’s EU community that the application is now under regulatory review.

In its formal update, Bitget EU said the Austrian FMA is acting as the competent authority for the application. “Bitget EU has submitted an application for authorisation as a crypto-asset service provider under Regulation (EU) 2023/1114 on Markets in Crypto-Assets (‘MiCAR’) to the Austrian Financial Market Authority (‘FMA’), as the competent authority in Austria. As soon as the required authorisation is granted and all applicable regulatory steps have been completed, Bitget EU intends to provide crypto-asset services in the European Union in accordance with MiCAR and within the scope of any authorisation granted.”

The company’s wording makes clear that EU service provision under MiCAR remains conditional on approval and completion of the relevant regulatory steps. MiCAR allows authorised crypto-asset service providers to operate across the EU through the bloc’s passporting framework, making the choice of national regulator a key part of exchange strategy in Europe.

Austria Review Puts Bitget’s EU Plans in Focus

Bitget also addressed how the pending application affects existing users of Bitget Global. Chen wrote that “Bitget EU’s application is currently under regulatory review” and that, for Bitget Global’s existing customers, access to products and services “continues to be governed by applicable contractual and legal arrangements as disclosed by Bitget Global online.” The company said it would continue updating users as the authorisation process moves forward.

The exchange repeated that position in its support notice, emphasizing that the MiCAR update does not alter existing customer arrangements. “For Bitget Global’s existing customers, their access to Bitget Global’s products and services continues to be governed by (amongst others) applicable contractual and legal arrangements as disclosed by Bitget Global online. Neither this statement nor any related communication modifies, supersedes or otherwise affects those arrangements. For details please refer to Bitget’s Terms of Use.”

The Austria filing lands against a tense wider backdrop for major exchanges in Europe. Reuters reported that Binance’s MiCA licence application in Greece is expected to be rejected, while Binance has said it remains committed to securing authorisation and has worked with regulators for around 18 months. Separately, The Big Whale reported alleged political intervention involving ECB President Christine Lagarde and Binance’s Greece application, with stablecoins and the digital euro framed as points of concern; that report has made MiCAR licensing a broader focus for market participants watching EU access, stablecoin liquidity, and regulatory gatekeeping.

For Bitget EU, the immediate issue is now the Austrian FMA’s review and the scope of any authorisation that may be granted. Until then, the company says existing Bitget Global customer access remains governed by current contractual and legal terms, while funds remain safe and asset verification remains available through the platform.

AI Transparency Note: This article was prepared with the assistance of an AI system based on the sources listed and was reviewed, edited, and approved by a human editor before publication. All quotes, data points, and factual claims are intended to be grounded in the cited source material; however, errors cannot be ruled out entirely.

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