Kraken's local cryptoe exchange operator, Bit Trade Pty Ltd, was found guilty of breaching regulatory requirements
The Australian Securities and Investments Commission (ASIC) announced a federal court ruling in its favor, ending a year-long legal battle over Kraken's margin trading products.
The fintech company faced an ASIC lawsuit and ongoing scrutiny from that financial authority affecting its reputation
The ruling marks the first against a non-cash payment facility involving crypto, highlighting the regulatory scrutiny over crypto assets in Australia