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

The 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 C...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Australian Federal Court Slams BPS Financial With Heavy Fine for Crypto Misrepresentation
The 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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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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