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This time we will take a look at the legal aspects of crypto regulation in Austria. Such an overview will surely be useful for both experienced businessmen and starting entrepreneurs in the crypto industry of Austria.
In the modern world, crypto regulation is a popular subject of discussion for financial authorities of many countries and jurisdiction types. In Austria, who has a leading position in the world of digital currencies in Europe, officials are considering the introduction of regulation of digital assets based on the principles of regulating trade for gold and derivatives.
Among other aspects, money laundering, financing illegal activities, and holding of an ICO are worrying the Austrian financial regulators. Authorities request that initial coin offerings are carried out in compliance with prospectuses approved by regulators. According to the expectations, investor’s protection should be enhanced by the process of preparing a prospectus that conforms to the rules.
Unlike Germany, which is already on the path of analyzing all ICOs, Austria has not started inspecting specifics. However, we can already see a common trend in the EU: countries are beginning to develop the new economy accommodative for the digital currency regulative framework.
Choose COREDO as your assistance for managing the legal component of your investment project in Austria.
Just like Switzerland or Malta, Austria is viewed as an attractive zone for developing cryptocurrency business. Many entrepreneurs seek to establish a cryptocurrency business due to favorable conditions in this industry that Austria offers. If you would like to make the process of establishing a crypto business in Austria trouble-free and quick, contact representatives of COREDO and arrange a personal consultation. We will guarantee a smooth registration of a cryptocurrency exchange with no confusion.