{"id":30918,"date":"2020-07-07T07:00:00","date_gmt":"2020-07-07T05:00:00","guid":{"rendered":"https:\/\/www.fma.gv.at\/pcash\/"},"modified":"2020-07-08T12:38:08","modified_gmt":"2020-07-08T10:38:08","slug":"pcash","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/pcash\/","title":{"rendered":"PCASH"},"content":{"rendered":"

The Austrian Financial Market Authority (FMA), inter alia pursuant to Article 4 para. 7 of the Bankwesengesetz (BWG; Banking Act), may inform the general public that a particular natural or legal person (person) is not authorised to carry out certain banking transactions (Article 1 para. 1 BWG), where the said person has given cause for such an action and informing the general public is deemed necessary and reasonable with regard to possible disadvantages of the affected party.<\/p>

By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 07.07.2020, the FMA hereby informs that<\/p>

PCASH<\/strong>
(ET Premium FZC)
Saif Desk R4-44\/C P.O. BOX 513699
Sharjah, United Arab Emirates
Web: https:\/\/pcash.at
E-Mail: office@pcash.world<\/p>

is not entitled to carry out banking transactions in Austria that require a licence. The provider is therefore not permitted to conduct the issuance and administration of payment instruments such as credit cards, banker’s drafts and traveller’s cheques on a commercial basis, with no limitation applicable to the term of crediting in the case of credit cards (Article 1 para. 1 no. 6 BWG).<\/p>\n","protected":false},"excerpt":{"rendered":"

The FMA warns investors against concluding investment services and banking transactions requiring a licence with this provider.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[81],"tags":[],"class_list":["post-30918","post","type-post","status-publish","format-standard","hentry","category-warning"],"yoast_head":"\nPCASH - FMA \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fma.gv.at\/en\/pcash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PCASH - FMA \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"The FMA warns investors against concluding investment services and banking transactions requiring a licence with this provider.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fma.gv.at\/en\/pcash\/\" \/>\n<meta property=\"og:site_name\" content=\"FMA \u00d6sterreich\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-07T05:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-08T10:38:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_FB_Logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"925\" \/>\n\t<meta property=\"og:image:height\" content=\"524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucija Stjepanovic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/06\/inevstorenwarnung-mini.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:site\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lucija Stjepanovic\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/pcash\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/pcash\\\/\"},\"author\":{\"name\":\"Lucija Stjepanovic\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/person\\\/5c70db37d15a036781dd7cec261fad37\"},\"headline\":\"PCASH\",\"datePublished\":\"2020-07-07T05:00:00+00:00\",\"dateModified\":\"2020-07-08T10:38:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/pcash\\\/\"},\"wordCount\":180,\"publisher\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\"},\"articleSection\":[\"Warning\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/pcash\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/pcash\\\/\",\"name\":\"PCASH - 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