Regulations & Policy
ASIC wins $9.3M penalty against BPS Financial over misleading Qoin Wallet
•1 min read
Australia's Federal Court has ordered BPS Financial to pay a total penalty of $9.3 million, comprising $1.3 million for engaging in unlicensed conduct and $8 million for making misleading and deceptive representations regarding its Qoin Wallet. The decision follows an investigation by the Australian Securities and Investments Commission (ASIC).
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Source: CoinTelegraph · Report an issue