Australian Court Orders $9.3M Penalty Against BPS Financial Over Misleading Qoin Wallet
Australia’s Federal Court has ordered financial services company BPS Financial Pty Ltd to pay 14 million Australian dollars ($9.3 million) in penalties for operating an unlicensed financial services business and making misleading claims about its Qoin Wallet product. The ruling follows years of legal action brought by the Australian Securities and Investments Commission (ASIC), the…
