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Australian Regulator Sues Kraken Affiliate For Causing Damages To Users A$12.95 Million
    Posted on 09/21/2023
The Australian Securities and Investments Commission (ASIC) has launched civil penalty proceedings against Bit Trade, the operator of the Kraken cryptocurrency exchange in Australia. This action comes in response to alleged violations of design and distribution obligations (DDO) for one of its trading products.
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