An EMI licence, by contrast, authorises activities associated with traditional payments, including issuing electronic money, processing payments and supporting regulated payment infrastructure. Georg Harer, Managing Director of both Bybit EU GmbH and Bybit Payments GmbH, said Europe is creating a regulatory environment where digital assets and traditional financial services can increasingly coexist. The EMI licence granted to Bybit Payments GmbH is an important milestone in our long-term commitment to Europe. Bernhard Krick, Managing Director of Bybit Payments GmbH, said maintaining that separation remains fundamental to the group’s operating model. “This licence enables Bybit Payments GmbH to build regulated payment capabilities that complement the crypto-asset services offered by Bybit EU GmbH.