On 04.10.2019 an announcement pursuant to Article 4 para. 7 of the Austrian Banking Act (BWG; Bankwesengesetz) was published in the Official Gazette of the Wiener Zeitung (Amtsblatt zur Wiener Zeitung) as well as the FMA website in relation to CRYPTOTRUSTCONSULTING Ltd.
Pursuant to the fourth sentence of Article 4 para. 7 of the Banking Act (BWG – Bankwesengesetz) the party subject to the publication may make an application to the FMA to review the lawfulness of the publication. In this case, the FMA shall announce the initiation of such proceedings in a similar manner.
CRYPTOTRUSTCONSULTING Ltd made such an application to review the lawfulness of the publication dated 04.10.2019.
The lawfulness of the publication of 04.10.2019 shall therefore be reviewed in a procedure to be concluded by means of an administrative decision.