Kraken, a large US-based cryptocurrency exchange, is shuttering its NFT marketplace after launching the service about two years ago. Kraken announced the closure in late November. Kraken users have until early next year to transfer their NFTs from the marketplace into a crypto wallet.

Australia's corporate watchdog said on Thursday that the country's federal court ordered crypto exchange Kraken's local operator to pay an A$8 million ($5.1 million) fine for unlawfully issuing a credit facility to more than 1,

The Australian securities regulator has fined Kraken for offering high-risk margin trading products without proper screening.

The Australian Federal Court has ordered Bit Trade Pty Ltd, Kraken’s Australian operator, to pay $8 million for unlawfully offering a margin extension.

Australia's court fines Kraken $5.1M for illegally offering credit facilities as ASIC emphasizes compliance with crypto regulations.

Kraken operator in Australia Bit Trade will pay a $5.1 million fine for non-compliance with regulatory requirements. The Australian Securities and Investment Commission accused the crypto platform of offering a credit facilty that did not comply with regulations.

ASIC fines Kraken for unlawfully issuing a ‘margin extension’ product to customers without a target market determination.

The Federal Court of Australia identified Kraken’s compliance system as ‘seriously deficient’ after repeated regulatory breaches.

Australia’s Federal Court has ordered Bit Trade, the Australian operator of the US-based crypto exchange Kraken, to pay a fine of $5.1M.

Australia's corporate watchdog said on Thursday that the country's federal court ordered crypto exchange Kraken's local operator to pay an A$8 million ($5.1 million) fine for unlawfully issuing a credit facility to more than 1,