Australia fines Kraken operator $5M for regulatory breaches
Kraken Australia operator Bit Trade must pay $5 million plus the cost of court proceedings after the Federal Court sided with the country’s corporate watchdog. Go to Source
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Kraken Australia operator Bit Trade must pay $5 million plus the cost of court proceedings after the Federal Court sided with the country’s corporate watchdog. Go to Source
A court has found Bit Trade offered a product without following design and distribution obligations and acted as a credit facility, in violation of Australian laws. Go to Source
The regulator alleged that Bit Trade — which is the provider for Kraken in Australia — did not make a target market determination before offering its margin trading product to Australian customers. Go to Source
The global crypto exchanges industry continues to consolidate as some smaller players bow out and the big players try to gobble up as much as they can of the rest. As part of this trend, Kraken has now taken over the Australian platform Bit Trade in a bit to strengthen its foothold in the Asia … Read more
Crypto exchange Huobi is entering the Japanese market by acquiring a majority stake in one of the 16 government-approved crypto exchanges in the country. The company says it plans to “aggressively scale this trading platform into the largest in Japan,” with an eye on global expansion in the future. Also read: 160 Crypto Exchanges Seek to … Read more