Australian Court Fines Kraken's Local Operator $8M for Unlicensed Credit Services
• 1 min read
Bit Trade, operating Kraken crypto exchange in Australia, faces an $8M penalty for offering margin trading without proper regulatory compliance. The landmark case clarifies the regulatory treatment of cryptocurrency lending services and highlights increasing oversight of digital asset businesses.
Australia Launches Crypto ATM Taskforce to Combat Money Laundering
• 1 min read
Australia's financial watchdog AUSTRAC is establishing a specialized taskforce to regulate cryptocurrency ATMs amid rising concerns over financial crimes. The initiative targets the country's 1,200+ crypto ATMs, requiring operators to comply with strict anti-money laundering protocols or face penalties.