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

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



Australian Federal Court Slams BPS Financial With Heavy Fine for Crypto MisrepresentationThe 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 […]


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