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06 March 2021

Austrian regulators call for stricter crypto regulations amid rising fraud

Austrian regulators call for stricter crypto regulations amid rising fraud


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According to a Bloomberg report of Friday, Austria’s Financial Market Authority has revealed that more than 60% of all reported financial fraud in the country involve crypto trading products.

Commenting on the need for stricter crypto regulations to curb the menace of these fraudulent investment activities, Klaus Grubelnik, a spokesperson for the FMA remarked:.

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cointelegraph.com
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