Austrian Financial Regulator Warns Against Using Digital Currencies
The Financial Markets Authority (FMA) of Austria has warned the country’s consumers to exercise caution while using digital currencies, particularly when related to business and investment models based on virtual currencies. With a nod to its brethren of regulators around Europe, the Austrian FMA has warned the country’s citizens to “exercise the utmost caution” when engaging in virtual currencies. The warning, released yesterday, reminds users that digital currencies are not subject to regulation and are therefore exempt from the FMA’s supervisory purview. The authority added:....
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