Kraken Calls for Clearer Crypto Rules in Australia After ASIC Ruling

Sep 10, 2024, 02:32 AM

Kraken is urging for clearer cryptocurrency regulations in Australia following a Federal Court ruling that its fiat margin trading product breached local laws. The Australian Securities and Investments Commission (ASIC) was involved in the judgment, which also affected Bit Trade. In response, Kraken has adjusted its margin product to comply with Australian law and has criticized the current regulatory environment in a blog post.