The Ministry of Finance of Austria has stated that it intends to regulate the cryptocurrency market as well as trade in gold and derivatives, and hopes that the European Union will follow their example.

Finance Minister Hartwig LOGER also believes that produced in the course of ICO tokens are securities, therefore, the projects must obtain the permission of the regulator for the conduct of licensee.

Increased attention to cryptocurrencies by Austrian regulators observed after information that an Austrian ICO project Optioment robbed of 10,000 investors in the amount of $122 million.