Sprache umschalten / Switch language

Alternative Currencies

Release Date:

Nowadays there are a large number of systems performing a similar function to money, such are regional currencies, customer loyalty and bonus point schemes, cards for branch networks or groups of companies, store cards, online coins for gaming, or virtual currencies like Bitcoin. Some alternative currency and bonus point schemes may constitute financial services that require a licence issued by the Financial Market Authority (FMA).

The FMA Focus on Alternative Currencies and Bonus Points as Financial Services requiring a Licence clarifies when there is an obligation to hold a licence and who is required to hold a licence.