On September 10, the Federal Court of Australia ruled that Kraken's fiat margin expansion is subject to the Companies Act Design and Distribution Obligation (DDO), while cryptocurrency margin expansion is not restricted.
Kraken acknowledges this and has adjusted its margin products to limit retail investors to fiat margin trading, but cryptocurrency margin trading remains unchanged.
Kraken also called on Australia to develop clearer regulations for the crypto industry, saying the current legal environment is not conducive to industry innovation and development.
The Australian court has ruled that Kraken fiat deposits are subject to the Companies Act, and crypto margin expansion is not restricted
2024-09-10 02:46:05
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