Tuesday June 24, 2025

Kraken Slammed With $5.1 Million Fine for Regulatory Breach in Australia

Kraken Slammed With $5.1 Million Fine for Regulatory Breach in Australia

by Terence Zimwara December 16, 2024 1 min read

(Originally posted on : Bitcoin News )

An Australian court fined Kraken $5.1 million AUD for offering a margin lending product to Australian customers without proper regulatory approval. Unlawful Credit Facility An Australian court has fined the digital asset exchange platform Kraken $5.1 million Australian dollars (AUD) for “unlawfully issuing a credit facility to more than 1,100 Australian customers.” The penalty concludes […]

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