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FMA prohibits business model of INVIA GmbH in conjunction with cryptocurrency mining

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The Austrian Financial Market Authority (FMA) has by means of a procedural instruction prohibited the business model of INVIA GmbH, with its registered address at Graben 12, 1010 Vienna, offering 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. The procedure concerning this matter is still pending. INVIA GmbH is neither licensed by nor supervised by the FMA. The FMA has decided to communicate this information having received a large number of enquiries from consumers.

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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