The Austrian Financial Market Authority (FMA) has granted MiCA authorization to BingX EU, the European subsidiary of the crypto exchange BingX. Under this license, the company will operate through its Vienna-based entity, MEGE zweite GmbH, and plans to roll out crypto asset custody, brokerage, and exchange services across 29 countries in the European Economic Area (EEA) through the regulatory passporting mechanism.
Europe, we're ready.
BingX EU is now MiCA licensed, bringing regulated digital asset services to users across the EEA.
Licensed. Transparent. Built for Europe.
The future of crypto is compliant.
https://t.co/ma5cAq0v62
— BingX EU (@bingxeu) October 14, 2026
This approval represents a key milestone for the exchange within the European Union’s compliance framework, joining firms seeking to align with MiCAR standards to ensure greater institutional trust and transparency. According to Daniel Lai, CEO of BingX EU, the objective is to establish a secure and locally regulated operating environment, allowing the platform to regain commercial access across the region following previous restrictions imposed during the regulatory transition period.
As a next step, BingX EU will continue coordinating with the FMA and other EU regulators to complete EU passporting procedures before announcing the official launch date and rollout timeline for its services across EEA markets.
Source: https://x.com/bingxeu/status/2110371665725030887
Disclaimer: Crypto Economy Flash News updates are prepared using official, public sources verified by our editorial team. Their purpose is to provide prompt reporting on key developments across the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We recommend always checking each project’s official channels before making any related decisions.
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