The operator of the Kraken crypto exchange was found to have failed to comply with design and distribution obligations by Australia’s Federal Court on Friday (August 23). The ruling focuses on the design and distribution obligations when offering a margin trading product to Australian customers. This margin extension product has been available to customers trading on the Kraken exchange since 5 October 2021.

BING NEWS:
  • Kraken Calls for Urgent Crypto Regulation in Australia Following Federal Court Defeat
    Kraken highlights the urgent need for clear crypto regulations in Australia following a Federal Court ruling against its fiat margin trading.
    09/9/2024 - 3:16 am | View Link
  • Kraken Highlights Regulatory Uncertainty in Australia, Criticizes ASIC
    Kraken has raised concerns about the lack of regulatory clarity in Australia following a Federal Court ruling against its fiat margin trading product.
    09/8/2024 - 11:23 pm | View Link
  • Australian Regulator Wins Court Case Against Crypto Exchange Kraken’s Bit Trade
    The Australian Securities and Investments Commission (ASIC) has won its lawsuit against the Kraken crypto exchange. An Australian federal ... noting that the case reflects the regulator’s commitment ...
    08/28/2024 - 2:26 pm | View Link
  • SEC’s Case Against Kraken Will Proceed to Trial, California Judge Rules
    “But the contracts surrounding the sale of both may form an investment contract, bringing them within the purview of the [Exchange] Act.” Kraken’s motion to dismiss also argued that the case should be ...
    08/26/2024 - 4:58 am | View Link
  • Judge Denies Kraken’s Request To Dismiss SEC Claims Alleging the Exchange Operated As Unregistered Securities Broker
    A judge shot down Kraken's request to dismiss claims made by the U.S. Securities and Exchange Commission (SEC) alleging the exchange violated securities laws.
    08/24/2024 - 4:30 am | View Link
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