CORPORATIONS – where respondent issued financial product involving a margin extension facility used to purchase cryptocurrency on digital exchange – whether financial product issued without target market determination in contravention of Part 7.8A of the Corporations Act 2001 (Cth) – whether debt incurred through use of financial product – whether obligation to pay cryptocurrency is a monetary obligation in the nature of a debt – whether conditional obligation to pay margin extension amount in national currency is a monetary obligation in the nature of a debt
Held: contravention of s 994B of the Corporations Act 2001 (Cth) established
Original article available at: https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2024/2024fca0953
For more information, see the original judgement.
