Comment on Australian regulator wins case against Kraken exchange operator

Australian regulator wins case against Kraken exchange operator

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.

 

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