Kraken's Australian operations have been fined $5.1 million for issues related to high-risk margin trading products. The Australian Securities and Investments Commission (ASIC) stated that Kraken did not take the necessary measures to ensure that these products were not improperly marketed to investors. Such negligence, as noted by the ASIC chair, could potentially harm investors by exposing them to inappropriate financial products. This fine emphasizes the importance of adhering to regulatory guidelines to protect investors and maintain trust in financial markets.
