Kraken fined $8M in Australia

Kraken fined $8M in Australia for unlawful margin trading
The Australian Securities and Investments Commission (ASIC) launched legal proceedings against the Australian operator of the Kraken crypto exchange. The Federal Court has ordered Bit Trade Pty Ltd (Kraken’s AUS operator) to pay $8 million for unlawfully offering a “margin extension” product without proper regulatory measures.
Kraken fined $5.1M in Australia for breaching crypto credit rules
Australia's court fines Kraken $5.1M for illegally offering credit facilities as ASIC emphasizes compliance with crypto regulations.
Kraken Fined $8 Million by ASIC for Australian Rule Violations
ASIC fines Kraken’s Australian unit $8 million for regulatory breaches, spotlighting compliance failures in the crypto sector.
Australia orders $5.1 million fine on Kraken crypto exchange operator
Australia's corporate watchdog said on Thursday that the country's federal court ordered crypto exchange Kraken's local operator to pay an A$8 million ($5.1 million) fine for unlawfully issuing a credit facility to more than 1,
Kraken Operator Bit Trade Fined $5.2M in ‘Significant Outcome’ for Crypto Enforcement
The Australian financial watchdog has ordered Bit Trade Pty, Kraken’s Australian operator, to pay a hefty fine for illegally issuing unvetted customers credit. One Australian
Australia fines Kraken operator $5.1 million in legal ruling
In a landmark decision, Australia’s Federal Court has ordered Bit Trade, the Australian operator of the US-based cryptocurrency exchange Kraken, to pay a fine of 8 million Australian dollars ($5.1 million).
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Kraken to Pay $8M After ASIC Enforcement Action
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Bit Trade, the Australian operator of the Kraken crypto exchange, has been ordered to pay $8 million for unlawfully issuing a ...
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Crypto exchange Kraken cops $8m fine for unlawful credit with ‘margin extension’ that cost more than 1000 customers millions in losses
The 1,160 customers who used the margin extension paid fees and interest charges costing more than A$10 million, and lost ...