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BTM Service GmbH is prohibited from exchanging virtual currencies into legal means of payment and vice versa as well as conducting such transactions using Bitcoin vending machines

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BTM Service GmbH’s registration as a virtual asset service provider pursuant to Article 32a para. 1 of the Financial Markets Anti-Money Laundering Act (FM-GwG; Finanzmarkt-Geldwäschegesetz) was revoked in an administrative decision issued by the Austrian Financial Market Authority (FMA) on 19.11.2021. It is therefore prohibited for the entity to conduct the exchanging of virtual currencies into fiat money and vice versa (Article 2 no. 22 lit. b FM-GWG) as well as conducting such transactions using Bitcoin vending machines. The withdrawal of the registration took place at the request of BTM Service GmbH.

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