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FMA clarifies that prohibiting the business model of INVIA GmbH does not include the freezing of INVIA accounts

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Following many enquiries by clients of INVIA GmbH the Austrian Financial Market Authority (FMA) would like to hereby clarify that the prohibiting of INVIA’s business model in conjunction with the mining of cryptocurrencies does not mean that the FMA has frozen INVIA accounts. Such statements made by INVIA employees towards clients, who are requesting the money that they have paid in be returned, have no legal grounds whatsoever. The FMA has decided to communicate this information having received a large number of enquiries from consumers.

The FMA has prohibited the business model of INVIA GmbH by means of a procedural instruction, with INVIA’s registered address being Graben 12, 1010 Vienna, which offers financial services in conjunction with the mining of cryptocurrencies on the grounds of the suspicion of the unauthorised management of an Alternative Investment Fund (AIF) pursuant to Article 60 para. 1 no. 1 in conjunction with Article 2 para. 1 no. 2 Alternative Investment Fund Managers Act (AIFMG; Alternative Investmentfonds Manager-Gesetz). The undertaking was requested to cease the unauthorised business operation. INVIA GmbH is neither licensed by nor supervised by the FMA.

 

Journalists may address further enquiries to:

Klaus Grubelnik (FMA Media Spokesperson):

+43/(0)1/24959-6006

+43/(0)676/882 49 516

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