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 service providers and issuers of asset-referenced and e-money tokens. The FMA is granted extensive supervisory powers, including the ability to demand information, conduct on-site inspections, suspend services, and prohibit trading activities to ensure compliance and protect retail investors. Additionally, the Act establishes cooperation mechanisms with the Oesterreichische Nationalbank and empowers the FMA to appoint government commissioners and impose administrative sanctions to avert threats or address breaches of obligations.
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