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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.
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News
Australian Regulator Penalizes BPS Financial $9.7M...
The Block•Tuesday, January 27, 2026 at 01:52 PM•1 min read

Australian Regulator Penalizes BPS Financial $9.7M for Qoin Wallet Issues

Share:
The Arch TakeBearish
RegulationAltcoins

The Australian Securities and Investments Commission (ASIC) has secured a significant penalty against BPS Financial. According to reports, Australia's Federal Court has ordered BPS Financial to pay $14 million AUD, which is equivalent to $9.7 million USD, after the regulator proved unlicensed and misleading conduct related to the Qoin Wallet. The development highlights the ongoing regulatory scrutiny of digital asset services and the importance of compliance within the cryptocurrency industry.

Read full story at The Block
Share:
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Australian Regulator Penalizes BPS Financial $9.7M...
The Block•Tuesday, January 27, 2026 at 01:52 PM•1 min read

Australian Regulator Penalizes BPS Financial $9.7M for Qoin Wallet Issues

Share:
The Arch TakeBearish
RegulationAltcoins

The Australian Securities and Investments Commission (ASIC) has secured a significant penalty against BPS Financial. According to reports, Australia's Federal Court has ordered BPS Financial to pay $14 million AUD, which is equivalent to $9.7 million USD, after the regulator proved unlicensed and misleading conduct related to the Qoin Wallet. The development highlights the ongoing regulatory scrutiny of digital asset services and the importance of compliance within the cryptocurrency industry.

Read full story at The Block
Share:
📱

Never miss a Web3 update

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

Join Channel

Related News

Crypto industry to contribute $55B to US economy in 2026: NCA study

Cointelegraph•2d ago

As BitMEX exits, analysts warn crypto consolidation is accelerating

Cointelegraph•2d ago

Bitcoin May Have Already Bottomed—If the Fed Helps, Says Grayscale

Decrypt •2d ago

Robinhood CEO Vlad Tenev's X account hacked to promote token amid memecoin frenzy

CoinDesk•2d ago
← Back to News Feed