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Will Kraken adjust its margin trading product to comply with Australian law by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcement from Kraken or ASIC's public records
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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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Increase compliance measures • 25%
Cease certain services • 25%
Relocate operations • 25%
No significant change • 25%
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%
Yes • 50%
No • 50%
Appeal the decision • 25%
Comply with the ruling • 25%
Modify the margin trading product • 25%
Withdraw the margin trading product • 25%