The office for the financial market in Austria (FMA) has banned mining company Invia World GmbH to continue the activity because of suspicions in violation of the law regulating the work of banking institutions in the country.

The financial regulator said that the company has not passed the registration procedure in the FMA to obtain the appropriate license in the financial sector and is not under his control, but it is suggested that the users participate in the Fund alternative investment what is forbidden in Austria.

According to the previously posted Invia World of information, the company used a private and hidden for customers, the algorithm selects the most profitable cryptocurrencies, extracted them and transferred to bitcoin or Еthereum, and then paid them to participants of the scheme “actively managed mining”. The company’s representatives asserted that it is licensed in Austria, and developed by her is a revolutionary solution in the field of mining of cryptocurrencies.

We will remind that this winter at the request of the Austrian authorities, the Interpol started the inquiry on the actions of the organizers and participants in the fraudulent scheme Optioment in which more than 10 thousand investors from Austria, Denmark, Latvia, Poland, Germany and other countries lost 12 thousand bitcoins ($115 million).