TechFlame News — Cryptocurrency exchange Bybit announced that its local subsidiary, Bybit Payments GmbH, has been granted an Electronic Money Institution (EMI) license by the Austrian Financial Market Authority (FMA), enabling it to offer regulated e-money and payment services across Europe via Bybit.eu. Bybit EU GmbH has been authorized as a crypto asset service provider under the EU's Markets in Crypto-Assets Regulation (MiCAR) since May 2025. Bybit said that Bybit Payments will handle fiat and e-money operations, while Bybit EU GmbH will manage digital asset services. Bybit Payments plans to roll out peer-to-peer transfers, open banking features, merchant solutions, card programs, and strong customer authentication tools under the EMI framework. A company representative said the license will support establishing direct partnerships with European financial institutions and payment processors.