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TLDR: Federal Court of Australia ruled against Kraken’s local operator, Bit Trade Pty Ltd Bit Trade violated Corporations Act by not making a target market determination for its margin extension product Court found margin extensions in national currency create a deferred debt, making it a credit facility ASIC views this as a significant outcome against […]
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Australian Court Rules Against Kraken’s Local Operator in ASIC Case
Oliver Dale
16:04
TLDR: Federal Court of Australia ruled against Kraken’s local operator, Bit Trade Pty Ltd Bit Trade violated Corporations Act by not making a target market determination for its margin extension product Court found margin extensions in national currency create a deferred debt, making it a credit facility ASIC views this as a significant outcome against
