Bit Trade

Highlights: The Australian operator of Kraken, Bit Trade, failed to meet compliance obligations and received a $5.1 million fine. The firm imposed $7 million in fees on 1,100 Australians, with losses exceeding $5 million. ASIC’s first penalty for TMD violation […]

Highlights: Australia’s Federal Court rules against Kraken’s Bit Trade for regulatory non-compliance. ASIC emphasizes the importance of strict adherence to financial regulations in the crypto industry. Kraken commits to complying with court decisions amid legal challenges in Australia. On Friday, […]