Kraken Slammed With $5.1 Million Fine for Regulatory Breach in Australia
Submitted by Anonymous (not verified) on Mon, 12/16/2024 - 03:40
An Australian court fined Kraken $5.1 million AUD for offering a margin lending product to Australian customers without proper regulatory approval. Unlawful Credit Facility An Australian court has fined the digital asset exchange platform Kraken $5.1 million Australian dollars (AUD) for “unlawfully issuing a credit facility to more than 1,100 Australian customers.” The penalty concludes […]