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Australia fines Kraken operator $5 million for regulatory breaches
Editor
2024-12-12 15:32 497
Golden Finance reports that Kraken’s Australian operator Bit Trade has to pay $5 million plus legal costs. Judge John Nicholas ordered Kraken's Australian operating company Bit Trade to pay the fine and bear the costs of the proceedings within 60 days. The court found that Bit Trade failed to fulfill its design and distribution obligations and acted as a credit institution without a license.
Keywords: Bitcoin
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