Tag: Kraken

Kraken Hit With $5.1 Million Fine for Breaking Australian Regulations

An Australian court has fined Kraken, a digital asset exchange, $5.1 million AUD for unlawfully providing credit to over 1,100 Australian customers. The fine follows legal action by the Australian Securities and Investments Commission (ASIC). According to ASIC’s statement on Dec. 12, the penalty relates to Kraken’s “margin extension” product. This offering, available since October […]