Austrian crypto platform Bitpanda continues to strengthen its position in Europe by receiving its third MiCA license — this time from the Austrian regulator (FMA). The company has previously received approvals in Germany and Malta, making it one of the most regulated crypto exchanges in the EU.

Despite the fact that MiCA is intended to unify the rules for the crypto industry in Europe, Bitpanda receiving multiple licenses in different countries raises questions about the real harmonization of regulation. After all, if the rules are uniform, why does the platform need duplicate permits?

Bitpanda already has four licenses in Austria and Germany, covering not only crypto asset trading, but also asset management, payment services, and financial services. This raises a new question: does MiCA really provide a single market, or is each EU country still interpreting the rules in its own way?