Austrian regulator intends to tighten control over cryptocurrencies
The Financial Markets Authority (FMA) of Austria believes that due to the proliferation of fraud with cryptoassets, the requirements for the cryptocurrency business need to be tightened. According to the Austrian regulator, more than 60% of the reported fraud cases in the country are related to cryptocurrencies. To attract gullible users, attackers use Telegram and TikTok to place advertisements. FMA employee Klaus Grubelnik said the agency sees an urgent need for stricter control over the…