Kraken Revises Margin Trading in Response to Australian Crypto Law, Seeks Regulatory Transparency
Kraken has adjusted its margin product following an Australian Federal Court ruling that fiat margin extensions must adhere to the Design and Distribution Obligations (DDO) of the Corporations Act, while crypto margin extensions do not.
The exchange now restricts fiat margin trading for non-wholesale investors in Australia but continues to offer unrestricted crypto margin extensions. Kraken welcomed the ruling but stressed the need for clearer and more tailored regulations for the crypto sector in Australia, highlighting that current laws are inadequate for effective crypto regulation.
Clever Robot News Desk 11st September 2024
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