Kraken fined $8M in Australia

Kraken's Australian Exchange Operator Fined $5.1 Million for High-Risk Margin Trading Products
The Australian securities regulator has fined Kraken for offering high-risk margin trading products without proper screening.
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,
Australia Regulator Fines Kraken Operator $8M over Unauthorized Product Offerings
The Federal Court of Australia identified Kraken’s compliance system as ‘seriously deficient’ after repeated regulatory breaches.
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 crypto exchange operator slapped with $8m penalty
Bit Trade, the Australian operator of the Kraken crypto exchange, has been ordered to pay $8 million for unlawfully issuing a credit facility to more than 1,100 Australian customers, according to the Australian Securities and Investments Commission (ASIC).
Australia orders $5.1 mln 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 Axes NFT Marketplace. Here's What to Do if You Have NFTs on This Crypto Exchange
Kraken, a large US-based cryptocurrency exchange, is shuttering its NFT marketplace after launching the service about two years ago. Kraken announced the closure in late November. Kraken users have until early next year to transfer their NFTs from the marketplace into a crypto wallet.
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
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.
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).
Australia takes airline Regional Express to court over governance failures
The Australian Securities and Investments Commission (ASIC) said on Wednesday it had taken legal action against airline operator Regional Express for allegedly making an inaccurate claim of a positive ...
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Silex Systems Lists New Securities on ASX
Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter Silex Systems Limited has announced the quotation of 77,750 fully paid ordinary securities on the ...
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Australian Financial Regulator Updates Digital Asset Classification Rules
Australia's financial regulator has released updated crypto guidelines offering temporary compliance relief while actively ...
Australian Gold Miner Northern Star To Buy Rival For $3.2 Bn
Australian gold mining giant Northern Star Resources said Monday it has agreed to buy a rival that owns a vast undeveloped gold project in a deal worth US$3.2 billion.
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Imagion Biosystems to Quote New Securities on ASX
Imagion Biosystems Ltd. (AU:IBX) has released an update. Imagion Biosystems Ltd. has announced the upcoming quotation of 55,483 ordinary fully ...