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THE ARCH
THE ARCH

Where Web3 founders, talent, and partners meet.

Daily Digest · Free
PLATFORM
  • Partners Directory
  • All Categories
  • Marketplace
  • Find a Partner
  • Docs
  • Escrow
INTELLIGENCE
  • Web3 News
  • Daily Digests
  • Intel Reports
  • Web3 Events
  • RSS Feed
  • Substack ↗
GET INVOLVED
  • Get Listed
  • Get Your Verified Badge
  • Submit an Event
  • Become an Operative
  • Refer a Client
  • Book a Call
COMPANY
  • About
  • How It Works
  • Manifesto
  • Media Kit
  • Privacy
  • Terms
© 2026 THE ARCH · All rights reserved.
PRIVACYTERMSCOOKIES
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News
BPS Financial Hit with $9.3M Penalty Over Misleadi...
Cointelegraph•Tuesday, January 27, 2026 at 07:34 AM•1 min read

BPS Financial Hit with $9.3M Penalty Over Misleading Qoin Wallet Claims

Share:
The Arch TakeBearish
RegulationAltcoins

The Australian Securities and Investments Commission (ASIC) secured a significant legal victory against BPS Financial. According to reports, the Federal Court of Australia has ordered BPS Financial to pay a total of $9.3 million in penalties. The breakdown includes $1.3 million for engaging in unlicensed conduct and an additional $8 million for making misleading and deceptive representations related to the Qoin Wallet. The development highlights regulatory scrutiny in the digital asset space.

Read full story at Cointelegraph
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THE ARCH
Offers
POST A BRIEFJOIN AS PARTNER
News
BPS Financial Hit with $9.3M Penalty Over Misleadi...
Cointelegraph•Tuesday, January 27, 2026 at 07:34 AM•1 min read

BPS Financial Hit with $9.3M Penalty Over Misleading Qoin Wallet Claims

Share:
The Arch TakeBearish
RegulationAltcoins

The Australian Securities and Investments Commission (ASIC) secured a significant legal victory against BPS Financial. According to reports, the Federal Court of Australia has ordered BPS Financial to pay a total of $9.3 million in penalties. The breakdown includes $1.3 million for engaging in unlicensed conduct and an additional $8 million for making misleading and deceptive representations related to the Qoin Wallet. The development highlights regulatory scrutiny in the digital asset space.

Read full story at Cointelegraph
Share:
📱

Never miss a Web3 update

Join our Telegram channel to receive news in real-time, straight to your phone.

Join Channel

Related News

Polygon CEO announces job cuts amid Coinme acquisition

Cointelegraph•4h ago

Leaks Reveal Suno Fed Thousands of Hours of Deezer, YouTube and Pond5 Data Into Its AI

Decrypt •5h ago

Trump teleprompter operator made $100K betting on Kalshi markets tied to speeches: ABC

Cointelegraph•5h ago

Australia's 50% Crypto CGT Discount Ends July 2027 - Forbes

Apify/Forbes•5h ago
← Back to News Feed