Kraken Fined $5 Million in Australia Over Compliance Failures

December 12, 2024

Catenaa, Friday 13, 2024-The Australian Federal Court has imposed a penalty of 8 million Australian dollars ($5.1 million) on Bit Trade, the operator of Kraken’s crypto exchange in Australia, for failing to meet regulatory requirements.  The court’s ruling follows accusations by the Australian Securities and Investments Commission (ASIC) that Bit Trade issued a credit facility […]