Dr. Arthur Stadler and Andreas Pfeil, LL.M. in the recent issue of the magazine for consumer law on the topic “Right of withdrawal after the purchase of cryptocurrencies”:

The high volatility of Bitcoin & Co is undisputed: The Bitcoin exchange rate in December 2017, at its all-time high to date, was around EUR 16,000.00 for 1 BTC, while at the time of writing this article the exchange rate amounted around EUR 7,500.00 for 1 BTC. The following article aims to clarify whether cryptocurrencies are excluded from a right withdrawal under the Austrian Distance and Outbound Business Act (FAGG), in particular whether cryptocurrencies may fall (per analogiam) under § 18 Abs 1 Z 2, which excludes withdrawal from the contract (ex ante) in case the ‘”…] price depends on fluctuations in the financial market, on which the entrepreneur has no influence and which can occur within the withdrawal period.”

The article can be found here.