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The Austrian Financial Market Authority (FMA) has announced a new edition of its consumer publication series, "Let’s Talk About Money," titled "Crypto, why s(ec)urely!" The publication provides information about the Markets in Crypto-Assets Regulation (MiCAR). This announcement was made in a press release on February 28, 2025.
According to the FMA, "Let's Talk About Money – Crypto, Why S(ec)urely!" covers the new MiCAR regulations. These regulations establish harmonized rules for crypto-assets across Europe, requiring service providers such as brokers, wallet providers, and trading platforms to obtain a license to operate within the European Union (EU). The aim is to enhance security, transparency, and risk management, ensuring that consumer assets are safeguarded and providers adhere to strict operational standards.
The publication explains key protections including mandatory complaints procedures, white paper disclosures for new crypto offerings, and heightened IT security measures to combat cyber threats. It also highlights enforcement measures against unlicensed operators and rules preventing market manipulation. These measures contribute to making Austria’s crypto market more secure and consumer-friendly.
