Since 10 January 2020, the new obliged entities of the Financial Markets Anti-Money Laundering Act (FM-GwG), the so-called service providers in relation to virtual currencies, have to register with the Austrian Financial Market Authority (FMA) before they start their business activities.

In the latest issue of ecolex, the journal for public commercial law, Mag.a Leyla Farahmandnia and Dr. Oliver Völkel, LL.M. provide a first summary of the findings on these registration procedures so far.

You can read the whole article here – German only.