Australian regulator sues Kraken provider Bit Trade for $13M in user losses

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The Australian Securities and Investments Commission (ASIC) alleged that Kraken Crypto Exchange’s provider, Bit Trade Pty Ltd, caused Australians losses of roughly $12.95 million due to non-compliance with local laws. Due to this, the financial regulator has filed a lawsuit against Bit Trade, highlighting how its margin trading product failed to comply with the design […] The post Australian regulator sues Kraken provider Bit Trade for $13M in user losses appeared first on CryptoSlate.
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