coin-img-ETHETH+2.36%coin-img-BTCBTC+0.87%coin-img-SPACECOINSPACECOIN+140.60%coin-img-SOLSOL+1.63%coin-img-XRPXRP-0.89%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+20.94%coin-img-DOGEDOGE+1.85%coin-img-ETHETH+2.36%coin-img-BTCBTC+0.87%coin-img-SPACECOINSPACECOIN+140.60%coin-img-SOLSOL+1.63%coin-img-XRPXRP-0.89%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+20.94%coin-img-DOGEDOGE+1.85%coin-img-ETHETH+2.36%coin-img-BTCBTC+0.87%coin-img-SPACECOINSPACECOIN+140.60%coin-img-SOLSOL+1.63%coin-img-XRPXRP-0.89%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+20.94%coin-img-DOGEDOGE+1.85%coin-img-ETHETH+2.36%coin-img-BTCBTC+0.87%coin-img-SPACECOINSPACECOIN+140.60%coin-img-SOLSOL+1.63%coin-img-XRPXRP-0.89%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE+20.94%coin-img-DOGEDOGE+1.85%
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Nellius Irene

Federal Court orders BPS Financial to pay AUD 14M over Qoin Wallet claims

The Federal Court of Australia ordered BPS Financial to pay 14 million Australian dollars ($9.3 million) for operating the Qoin Wallet without an Australian Financial Services Licence and for misleading conduct. The court said the wallet ran from January 2020 to mid‑2023, rejected an authorized‑representative defense in 2024, and affirmed that conclusion on appeal in 2025.
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