Kraken Fined in Australia for Legal Violations Resulting in Financial Losses to CitizensAustralia has fined US-based crypto exchange Kraken $5.1 million (roughly Rs. 43 crores or AUD 8 million). The ASIC criticised Bit Trade, which operates Kraken locally, for improper marketing that led to financial losses for Australian citizens.
Source: Kraken Fined in Australia for Legal Violations Resulting in Financial Losses to Citizens (https://www.gadgets360.com/cryptocurrency/news/kraken-bit-trade-fined-australia-violations-of-law-7233490#rss-gadgets-all)