The approval of the registration that was granted by means of an administrative decision by the Austrian Financial Market Authority (FMA) dated 05.06.2020 for Xtrader24 GmbH (Commercial Register (Firmenbuch) no. FN 464631 g), with its registered office at Mariahilfer Straße 89a//24, 1060 Vienna, as a virtual asset services provider pursuant to Article 32a para. 1 of the Financial Markets Anti-Money Laundering Act (FM-GwG; Finanzmarkt-Geldwäschegesetz), and which provides the exchanging of virtual currencies into fiat currencies and vice versa (Article 2 no. 22 lit. b FM-GwG) as well as the exchanging of one or more virtual currencies between one another (Article 2 no. 22 lit. c FM-GwG), was revoked by means of an administrative decision by the Austrian Financial Market Authority (FMA) dated 16.12.2021.
The registration was revoked due to a large number of severe breaches or breaches of duty against the provisions of the Financial Markets Anti-Money Laundering Act (FM-GwG).