Legal Authority Warns Against Unregulated Crypto Firm in Austria
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Authority Warns Against Unregulated Crypto Firm in Austria

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Authority Warns Against Unregulated Crypto Firm in Austria

The investors have been warned by the Austrian Financial Market Authority (FMA) regarding the unregulated cryptocurrency firm, Top10Coins which operates soliciting the residents to invest in cryptocurrency. Regulators quoted, “Therefore, the acceptance of funds from other parties on a commercial basis for management purposes or as deposits (Article 1 para. 1 no. 1 BWG) is not allowed.”

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