Australian regulator sues Kraken provider over margin trading product By Cointelegraph
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The Australian Securities and Investments Commission (ASIC) has commenced civil proceedings against Bit Trade — the provider of the Kraken crypto exchange in Australia — for failing to comply with design and distribution obligations for one of its trading products.
According to a Sept. 21 statement from ASIC, the Australian financial regulator alleged that Bit Trade failed to make a target market determination before offering its margin trading product to Australian customers.
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The Australian Securities and Investments Commission (ASIC) has commenced civil proceedings against Bit Trade — the provider of the Kraken crypto exchange in Australia — for failing to comply with design and distribution obligations for one of its trading products.
According to a Sept. 21 statement from ASIC, the Australian financial regulator alleged that Bit Trade failed to make a target market determination before offering its margin trading product to Australian customers.
Continue Reading on Coin Telegraph
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