coin-img-ETHETH+0.61%coin-img-BTCBTC+0.28%coin-img-SPACECOINSPACECOIN+127.20%coin-img-SOLSOL+1.04%coin-img-XRPXRP-0.70%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+24.17%coin-img-DOGEDOGE+0.67%coin-img-ETHETH+0.61%coin-img-BTCBTC+0.28%coin-img-SPACECOINSPACECOIN+127.20%coin-img-SOLSOL+1.04%coin-img-XRPXRP-0.70%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+24.17%coin-img-DOGEDOGE+0.67%coin-img-ETHETH+0.61%coin-img-BTCBTC+0.28%coin-img-SPACECOINSPACECOIN+127.20%coin-img-SOLSOL+1.04%coin-img-XRPXRP-0.70%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+24.17%coin-img-DOGEDOGE+0.67%coin-img-ETHETH+0.61%coin-img-BTCBTC+0.28%coin-img-SPACECOINSPACECOIN+127.20%coin-img-SOLSOL+1.04%coin-img-XRPXRP-0.70%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+24.17%coin-img-DOGEDOGE+0.67%
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Sujha Sundararajan

Australian court orders BPS Financial to pay AU$14 million over Qoin wallet claims

On Tuesday, the Australian Securities and Investments Commission said the Federal Court ordered Gold Coast-based BPS Financial to pay AU$14 million ($9.6 million) in penalties for unlicensed conduct and misleading statements tied to its Qoin Wallet. The court had found in 2024 that BPS engaged in unlicensed conduct for almost three years while issuing the Qoin token and promoting a linked non-cash payment product.
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