Kraken Adjusts Margin Product to Comply With Australian Crypto Law, Calls for Clearer Regulation
The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin product restrict fiat margin trading for non-wholesale investors, while crypto margin extensions remain unaffected. The company reaffirmed its commitment to compliance and called for improved legal clarity for the crypto industry.

Kraken’s Margin Product Faces Legal Adjustment Amid Crypto Regulatory Concerns
Crypto exchange Kraken has responded to a recent legal judgment by the Australian Securities and Investments Commission (ASIC) concerning its Margin Extension product. The Australian Federal Court ruled that extensions in fiat currency fall under the Design and Distribution Obligations (DDO) of the Corporation…