Court Orders $9.3M Penalty Against BPS Financial Over Qoin Product

Jan 27, 2026 - 07:45
Court Orders $9.3M Penalty Against BPS Financial Over Qoin Product
Australia’s financial watchdog has secured a court victory against financial services company BPS Financial Pty Ltd (BPS), with the Federal Court ordering the company to pay 14 million Australian dollars ($9.3 million) in penalties over the promotion and operation of its Qoin Wallet product. The ruling follows years of legal action brought by the Australian...

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