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 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).
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 $8M in Australia for unlawful margin trading
The Australian Federal Court has ordered Bit Trade Pty Ltd, Kraken’s Australian operator, to pay $8 million for unlawfully offering a margin extension.
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 fines Kraken operator $5 million for non-compliance
Kraken operator in Australia Bit Trade will pay a $5.1 million fine for non-compliance with regulatory requirements. The Australian Securities and Investment Commission accused the crypto platform of offering a credit facilty that did not comply with regulations.
ASIC Imposes $8M Fine on Kraken Crypto Exchange Over Regulatory Breach
ASIC fines Kraken for unlawfully issuing a ‘margin extension’ product to customers without a target market determination.
Australia Fines Kraken’s Operator Bit Trade $5 Million for Regulatory Violations
Australia fined Kraken's operator, Bit Trade, $5M for violating financial regulations, highlighting concerns over its compliance practices
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 in Australia for Legal Violations Resulting in Financial Losses to Citizens
Kraken is said to be disappointed with this outcome US-based Kraken was founded in 2011 Kraken’s Australia counterpart Bit Trade has 60 days to clear fine ...
Startup Daily15h
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 ...
Crypto market update: Kraken, World Liberty and BTC, SOL, AAVE
Crypto remained bullish on Thursday as BTC rose to $100 again, while SOL and AAVE gained amid news for Kraken and World ...