The Australian court ruled that Kraken's fiat margin is subject to the Corporations Act, while the crypto margin extension is unrestricted

ChainCatcher news, the Federal Court of Australia ruled that Kraken's fiat margin expansion is subject to the Design and Distribution Obligations (DDO) under the Corporations Act, while cryptocurrency margin expansion is unrestricted.

Kraken acknowledged this and has adjusted its margin products to restrict retail investors from engaging in fiat margin trading, while cryptocurrency margin trading remains unchanged.

Kraken also called for clearer regulations for the cryptocurrency industry in Australia, stating that the current legal environment is detrimental to industry innovation and development.