---
title: "Australian regulator claims win over Kraken’s Bit Trade in federal court"
url: https://diffcoin.com/australian-regulator-claims-win-over-krakens-bit-trade-in-federal-court/
description: "A court has found Bit Trade offered a product without following design and distribution obligations and acted as a credit facility, in violation of…"
published: 2024-08-23
updated: 2024-08-23
author: "Mila"
site: "Diffcoin"
---

# Australian regulator claims win over Kraken’s Bit Trade in federal court

A court has found Bit Trade offered a product without following design and distribution obligations and acted as a credit facility, in violation of Australian laws.

[Source link](https://cointelegraph.com/news/asic-wins-case-against-crypto-exchange-operator-bit-trade?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)