Regulatory Alerts2026-04-16
MiCAR Enforcement Act (MiCA-VVG)
The Austrian Federal Act implementing Regulation (EU) 2023/1114 designates the Austrian Financial Market Authority (FMA) as the competent authority for supervising crypto-asset markets and mandates cooperation with the Oesterreichische Nationalbank. The legislation grants the FMA extensive supervisory powers, including the authority to demand information, conduct on-site inspections, and suspend or prohibit crypto-asset services and trading to protect investors and ensure market integrity. Furthermore, the Act empowers the regulator to impose temporary measures against non-compliant entities, such as appointing government commissioners and restricting capital distributions, to avert threats to the fulfillment of legal obligations.
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