Australian Federal Court Rules Against Kraken’s BitTrade Over Incompliance

The Australian Federal Court has ruled in favour of the country’s financial regulator, ASIC, against Bit Trade, which is the operator of Kraken crypto exchange in Australia. Bit Trade reportedly failed to comply with design and distribution obligations and acted as a credit facility without a license. ASIC and Bit Trade have been given seven … source: https://coinpedia.org/crypto-live-news/australian-federal-court-rules-against-krakens-bittrade-over-incompliance/