According to an announcement by WB-Shield Innovations GmbH, the operating entity of WhiteBIT EU, the company has received authorization from the Austrian Financial Markets Authority (FMA) under the Crypto Asset Market Regulation (MiCA). This means that the company can provide regulated crypto asset services to eligible users in the European Economic Area (EEA) within the MiCA framework, excluding Malta.

Authorized by Austrian regulator

MiCA establishes a unified regulatory framework for EU-based crypto asset servicers, covering requirements such as governance, disclosure, customer protection, and market integrity. WhiteBIT EU's approval in Austria signifies the completion of a formal regulatory review, allowing it to operate within the European Economic Area in accordance with MiCA's established procedures.

The company stated that this authorization is part of its European expansion plan and will also integrate its existing European operations under a single regulatory framework. According to WhiteBIT, this will allow it to serve both retail and institutional clients.

• Authorizing Authority: Austrian Financial Markets Authority (FMA)
• Scope of application: European Economic Area, excluding Malta
• Regulatory basis: EU MiCA framework

Plans to launch a dedicated European platform

As part of its transition to the MiCA framework, WhiteBIT is preparing to launch whitebit.eu. This platform will target users in the European Economic Area, serving as the company's local compliance portal for its products and services.

The company stated that users interested in using the platform can register via the website form to receive updates after the platform launches. The specific launch date was not disclosed in the statement.

WhiteBIT accelerates its expansion in Europe

WhiteBIT stated that the company was initially based in the European market, and Europe remains a key focus of its long-term strategy. Volodymyr Nosov, the company's founder and president of W Group, said that MiCA is becoming an important benchmark for digital asset regulation, and this approval strengthens the company's plans to build a compliant business in Europe.

WhiteBIT was founded in 2018. The company claims that its parent company, W Group, currently serves more than 35 million customers worldwide and has partnerships with Visa, Facebook, FC Barcelona, Juventus, and the Ukrainian national football team.

Additional information:The original text was a unilateral disclosure by the company, with the core information focusing on the approval of the license, the service scope in the European Economic Area, and the preparation of the whitebit.eu platform. It did not disclose the list of new products or specific launch dates.