AIF

AUSTRIAN REGULATOR PLANS TO REGULATE CRYPTO-EXCHANGES AND ICO’S

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The Austrian Financial Market Authority (FMA) has already been noticed several times in recent weeks that it has set milestones in the regulation of cryptocurrencies. The FMA, for example, considered the Austrian INVIA‘s crypto-mining system to be an Alternative Investment Fund (AIM) and prohibited its operation. INVIA had raised funds from investors to invest in …

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PROHIBITED CRYPTO-MINING SCHEME VIA STOPPED PAYOUTS TO INVESTORS EVEN THOUGH THE AUTHORITY HAS NOT FROZEN FUNDS

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Following many inquiries by clients of INVIA GmbH the Austrian Financial Market Authority (FMA) would like to had to clarify that the prohibiting of INVIA’s business model in conjunction with the mining of cryptocurrencies does not mean that the FMA has frozen INVIA accounts. Obviously, such statements have been made by INVIA employees towards clients, …

PROHIBITED CRYPTO-MINING SCHEME VIA STOPPED PAYOUTS TO INVESTORS EVEN THOUGH THE AUTHORITY HAS NOT FROZEN FUNDS Read More »