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3232Kraken Adjusts Margin Product to Comply With Australian Crypto Law, Calls for Clearer Regulation
https://www.digit.info/kraken-adjusts-margin-product-to-comply-with-australian-crypto-law-calls-for-clearer-regulation/
Tue, 10 Sep 2024 02:30:44 +0000https://www.digit.info/kraken-adjusts-margin-product-to-comply-with-australian-crypto-law-calls-for-clearer-regulation/Read more]]>The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin product to restrict fiat margin trading for non-wholesale investors, while crypto margin extensions […]
]]>Kraken Crypto Exchange Fined by Australian Court
https://www.digit.info/kraken-crypto-exchange-fined-by-australian-court/
Sat, 24 Aug 2024 11:20:04 +0000https://www.digit.info/kraken-crypto-exchange-fined-by-australian-court/Read more]]>The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized the need for compliance in the crypto industry, aiming to ensure consumer […]
The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin product to restrict fiat margin trading for non-wholesale investors, while crypto margin extensions […]
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The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized the need for compliance in the crypto industry, aiming to ensure consumer […]
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