PANews reported on May 29 that the crypto exchange Bybit announced that it had officially obtained the MiCAR license issued by the Austrian Financial Supervisory Authority (FMA) and established its European headquarters in Vienna as a compliance hub for its services in the 29 countries of the European Economic Area (EEA). Bybit plans to recruit more than 100 employees in Austria to expand local services. CEO Ben Zhou said that this move reflects Bybit's "compliance first" strategy, which will promote in-depth cooperation with EU regulators and strengthen consumer protection.