Crypto exchange Kraken 'disappointed' over regulator proceedings in Australia
The Australian Securities and Investments Commission has sued Bit Trade, the provider for Kraken in Australia over its margin trading product.
Source: cointelegraph.com
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ASIC takes legal action against crypto exchange
ASIC has commenced civil penalty proceedings against Bit Trade, provider of crypto exchange Kraken, following alleged failures to adhere to design and distribution obligations for margin products offered to Australian customers.
Source: financialstandard.com.au
Bit Trade sued by ASIC over design and distribution failures
Australia's corporate regulator has initiated civil proceedings against Bit Trade Pty Ltd for failing to comply with design and distribution obligations for its margin trading product.
Source: finextra.com
crypto exchange: Australian regulator sues crypto exchange for design, distribution failures
The design and distribution obligations (DDO) require firms to design financial products that meet the needs of consumers and distribute them in a targeted manner.
Source: indiatimes.com
Australia sues Kraken provider over crypto margin trading
The Australian Securities and Investments Commission has filed a lawsuit against Bit Trade alleging non-compliance.
Source: biztoc.com