logo logo
Cryptopolitan 2020-01-18 02:50:36

Austria crypto regulators slap unlicensed operators with €200,000 maximum fine

Austria crypto regulators have announced that crypto firms cannot operate until they obtain a license from the nation’s financial watchdog as the new Anti-Money Laundering (AML) regulations came into effect. Cryptoassets however, do not fall under this regulation. They remain subject to European Securities and Markets Authority (ESMA) current restriction. Austria crypto regulators has also advised investors to always verify the company’s identity (identity details, country of establishment, etc.) Before investing and never to trust a company if it cannot be clearly identified. In other to supervise and ensure compliance with rules and regulations in the financial market, the Financial

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer