FMA

Investor Warnings against Digital Exchange Limited

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The Austrian watchdog FMA has issued an investor warning against the unauthorized Forex broker platform Digital Exchange Limited (www.dgxltd.com) and its Bulgarian operator Securex Plus Solutions EOOD. However, it seems questionable whether the Bulgarian company actually exists. In any case, the FinTelegram team could not find the company in the Bulgarian company register. The platform …

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Austrian Regulator FMA confirms ePayments Systems suspension for Austria

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On 6 March 2020, the Austrian Financial Market Authority (FMA) confirmed the suspension of the activities of ePayments Systems Ltd as a licensed e-money institution imposed by the UK Financial Conduct Authority (FCA) also for Austria. FinTelegram reported on the FCA actions against ePayments Systems and the resignation of its director Robert Courtneidge. In accordance …

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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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UPDATE ON REGULATORY HYPOTHESES FOR BLOCKCHAINS AND CRYPTOCURRENCIES

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Over the last couple of weeks, regulators and financial market authorities in many jurisdictions have issued decisions regarding blockchains and cryptocurrencies. Just a few days ago, the US SEC has made clear that it’s working on the hypothesis that cryptographic tokens sold to investors via Initial Coin Offerings (ICO) or other campaigns are to be …

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