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What will be the outcome of Kraken's call for clearer cryptocurrency regulations in Australia by the end of 2025?
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Resolution / Starting Odds
New regulations introduced • 25%
Existing regulations clarified • 25%
No change in regulations • 25%
Other • 25%
Official announcements from the Australian government or ASIC
Story
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.
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Increase compliance measures • 25%
Cease certain services • 25%
Relocate operations • 25%
No significant change • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Fines imposed • 25%
Operational restrictions • 25%
License revoked • 25%
No actions taken • 25%
Yes • 50%
No • 50%
Continue operations as usual • 25%
Scale down operations • 25%
Exit the Australian market • 25%
Expand operations • 25%
Increased market position • 25%
No change in market position • 25%
Decreased market position • 25%
Unclear impact • 25%
Yes • 50%
No • 50%
Market leader • 25%
Top 3 • 25%
Top 5 • 25%
Outside top 5 • 25%
Stricter Regulations • 25%
Looser Regulations • 25%
Status Quo Maintained • 25%
Undefined • 25%