Australian Federal Court Slams BPS Financial With Heavy Fine for Crypto Misrepresentation

Share This Post

The Australian Federal Court fined BPS Financial $9.7 million for operating its Qoin Wallet without a license and making misleading claims about its functionality. Permanent Ban on Qoin Promotion The Australian Federal Court has ordered digital currency payments provider BPS Financial to pay total pecuniary penalties of $9.7 million (AUD$14 million) following a lengthy legal […]

Related Posts

Zapper to Shut Down Aug. 3 After Nearly Seven Years

The DeFi portfolio tracker once handled $13 billion in...

MARA Buys Texas Site From HIF in $600M Bitcoin, AI Deal

The 1,200-acre Matagorda County site was previously slated for...

Aave Labs Launches Stable Vaults for Fintech Stablecoin Yield

The vaults convert Aave's variable lending rates into fixed...

Ripple once weighed shutting down and handing XRP to shareholders, CEO says

Ripple came close to shutting down rather than fighting...

Bitcoin, ether little changed as U.S. launches fresh Iran strikes

The muted response is the pattern now. When Iran...

Arbitrum to Capture 10% of Fees From Robinhood Chain

Offchain Labs co-founder Steven Goldfeder says every Arbitrum-based Layer...