Austrian regulator stops crypto mining firm amid investigation

The Austrian Financial Market Authority has barred a cryptocurrency mining firm from operating on the ground that it is not complying with banking regulations.

In a press release, the regulator announced that it had "prohibited the business model of INVIA GmbH... offering financial services in conjunction with the mining of cryptocurrencies" on the suspicion of "the unauthorised management of an Alternative Investment Fund pursuant to… [the] Alternative Investment Fund Managers Act".

Download PDF Share Back To Listing
Loading data