The Austrian Financial Market Authority (FMA) has banned the business activities of a Vienna-based cloud cryptocurrency mining company INVIA GmbH, according to an FMA press release published May 29.
The company was ordered to cease digital currencies mining operations on the grounds of suspicion of unauthorised management of an Alternative Investment Fund (AIF). The procedure concerning the prohibition is still pending. The press release adds the INVIA is neither supervised nor licensed by the FMA.
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