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ASIC wins $9.3M penalty against BPS Financial over misleading Qoin Wallet

January 27, 2026 by DIGIT
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ASIC wins $9.3M penalty against BPS Financial over misleading Qoin Wallet

Australia’s Federal Court ordered BPS Financial to pay $1.3 million for unlicensed conduct and $8 million for misleading and deceptive representations.

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  • bitcoinBitcoin(BTC)$87,849.000.26%
  • ethereumEthereum(ETH)$2,906.150.71%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$882.321.54%
  • rippleXRP(XRP)$1.880.23%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$123.561.29%
  • tronTRON(TRX)$0.294401-0.29%
  • staked-etherLido Staked Ether(STETH)$2,905.990.70%
  • dogecoinDogecoin(DOGE)$0.1219100.95%
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  • bitcoinBitcoin(BTC)$87,849.000.26%
  • ethereumEthereum(ETH)$2,906.150.71%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$882.321.54%
  • rippleXRP(XRP)$1.880.23%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$123.561.29%
  • tronTRON(TRX)$0.294401-0.29%
  • staked-etherLido Staked Ether(STETH)$2,905.990.70%
  • dogecoinDogecoin(DOGE)$0.1219100.95%