We're hiring
11 July 2020
Potential FMA Proceeding Involving ETR AG
Anika Sztarsich
office@cryptix.ag

Last week, Cryptix became aware of a complaint by the FMA against ETR AG. Apparently, it appeared that individual parts of the FIAT Gateway of the Crypto Exchange might possibly offend against regulated processes.

 

From today’s perspective it was criticized that information was communicated at the frontend and that processes were running and accessible which, in their specific presentation and form, potentially violated applicable law.

 

At no time during the runtime of the relevant FIAT Gateway were customer assets at risk or customers impacted. As a company that spares no effort to comply with the regulator, we are concerned about the possible non-compliance of a subsidiary.

 

Nevertheless, ETR AG immediately ceased operations of the relevant FIAT gateway and refunded the FIAT assets to it customers, including all expenses incurred, to their respective bank accounts.

 

We regret this situation and will make sure that nothing like this happens again. To this end, we are subjecting all internal processes to due diligence and are implementing an additional internal, group-wide compliance filter.

 

As Cryptix, we apologize to our customers and employees for any inconvenience. We are doing everything possible to resume regular operations as quickly as possible. While FIAT Gateway is for now discontinued, the rest of the Crypto Exchange continues its operations.

28 April 2020

Cryptix introduces a new blockchain research project

Cryptix has launched a research project, Project Pallas, to examine the limitations and opportunities of blockchain technology. Read more
23 January 2020

Cryptix is among the Crypto Valley Top 50 Companies

Once again, Cryptix AG is among the Crypto Valley Top 50 companies (out of over 800). Read more
15 December 2019

Meet Luka Gubo, CEO of Blocktrade

Luka Gubo talks about his background, what Blocktrade is all about and its future. Read more
6 November 2019

Interview with Armin Reiter, CIO of the Cryptix Group

Armin Reiter talked with Devjobs.at about building an international development team. Read more
24 October 2019

Cryptix opens new offices in Liechtenstein

In collaboration with CV Labs, Cryptix AG established a new blockchain hub in the heart of Vaduz, Liechtenstein. Read more
25 September 2019

Blocktrade and Cryptix focus beyond MiFID II license

Blocktrade’s application for the MiFID II investment firm license is expected to be submitted by the end of 2019. Read more
28 August 2019

Cryptix acquires Liechtenstein digital assets exchange

Cryptix AG has completed the acquisition of Blocktrade, a Liechtenstein digital assets exchange. Read more
6 August 2019

Cryptix is one of the Crypto Valley Top 50 Companies

Cryptix AG is the newcomer among the Crypto Valley Top 50 companies (out of over 800). Read more
17 July 2019

Cryptix AG – Blockchain solutions from a single source

Your competent and experienced partner for blockchain solutions from a single source. (German only) Read more
21 June 2019

Cryptix joins the Enterprise Ethereum Alliance

The Cryptix group, today announced that it has joined the Enterprise Ethereum Alliance (EEA). Read more
28 May 2019

Cryptix to issue the first blockchain-based e-money

The Cryptix group is introducing the first regulated electronic money (e-money) based on blockchain technology. Read more
19 March 2019

Cryptix expands by integrating the branding agency brand+Co

Cryptix continues to grow through the takeover of brand+Co. This move strengthens the focus as a full-service digital payment provider. Read more
1 August 2018

Cryptix LABS takes up residence in Vienna’s Millennium Tower

The research and development facility with focus on blockchain & Distributed Ledger Technologies starts operations in Austria. Read more
28 June 2018

Cryptix Holding AG founded in Switzerlands’ crypto valley

A Swiss full-service blockchain service provider and research center with international expansion plans and ambitious goals. Read more

Get in touch

Full name*
Email address*
Subject*
Company
Message*
Check here to indicate that you have read and agree to our terms & conditions.