The FMA barred a crypto-mining company from operating on the grounds that it is not complying with banking regulations.
The regulator announced that it had "prohibited the business model of INVIA GmbH... offering financial services in conjunction with the mining of cryptocurrencies" on the suspicion of "the unauthorised management of an Alternative Investment Fund pursuant to… [the] Alternative Investment Fund Managers Act".
The FMA added that the procedure is still pending and that it does not license or supervise INVIA.
The regulator said it had decided to make the information public as it had received many enquiries from consumers.