News list for " australian operator"

The Federal Court of Australia ruled that Bit Trade Pty Ltd, Kraken's Australian operator, had breached Section 994B of the Companies Act by failing to make a "target market determination" before launching a product, a legally required compliance step. Kraken said the ruling reflected the ambiguity of Australia's cryptocurrency regulations. While Kraken committed to complying with the ruling, a company spokesperson argued that the current regulatory framework was unfavorable to investors and cal...

2024-08-23 08:39:19