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THE SIGNAL
The Signal
THE SIGNAL

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 SIGNAL · All rights reserved.Operated by Nomdon Tech Ltd · No. 15462747 · England
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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 Signal 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 Signal Logo
THE SIGNAL
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POST A BRIEF
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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 Signal 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

Bitcoin could crash to $48,000, if this historical pattern is triggered

CoinDesk•1h ago

Summer of crypto (regs): State of Crypto

CoinDesk•2h ago

Aerodrome is turning liquidity into a prediction market with its biggest upgrade yet

CoinDesk•6h ago

SEC's big swing to clear tokenization path isn't likely to get resilience of full rule

CoinDesk•7h ago
← Back to News Feed