The issuer of a controversial cryptocurrency that may solely be bought in batches of $125 each day on a single trade is going through pushback from an Australian regulation agency.
Queensland-based regulation agency Salerno Regulation plans to file a lawsuit accusing BPS Monetary Restricted — the corporate behind the QOIN token — of participating in deceptive and misleading conduct, pyramid promoting of monetary merchandise, and failing to adjust to monetary companies rules. The lawsuit will search $100 million in damages.
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