FinanceMagnates
An Australian federal court today (Friday) ruled that Bit Trade Pty Ltd, which operates the Kraken crypto exchange in the country, violated the design and distribution obligations (DDO) while offering margin trading products to local customers.A Partial Victory for ASICThe ruling came after the Australian Securities and Investment Commission (ASIC) sued the company last September for offering credit facilities with its margin products…
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Kraken Violated Australian Law by Offering Margin Products: Court Rules
Arnab Shome
07:48
An Australian federal court today (Friday) ruled that Bit Trade Pty Ltd, which operates the Kraken crypto exchange in the country, violated the design and distribution obligations (DDO) while offering margin trading products to local customers.A Partial Victory for ASICThe ruling came after the Australian Securities and Investment Commission (ASIC) sued the company last September
