Australia / Firms / BPS Financial (Qoin)

BPS Financial (Qoin)

BPS Financial (Qoin): no entry with that name on AUSTRAC's virtual asset service provider register (searched 21 Oct 2026). ASIC has taken court action (1 ASIC release).

Status

No entry under this name · checked 21 Oct 2026
AUSTRAC VASP register (AML/CTF registration, not a licence) searched by name, and ASIC media releases.

AUSTRAC VASP register

A search of the register for “bps financial”, “qoin” on 21 Oct 2026 returned no entry with that name. This does not show whether the business operates in Australia under another name. AUSTRAC VASP register official

ASIC court action

27 Jan 2026 (26-008MR): Federal Court penalties of $14 million ($2 million for unlicensed conduct, $12 million for misleading conduct) over the Qoin Wallet. Company named by ASIC: BPS Financial Pty Ltd. ASIC 26-008MR official

Register name

Not found (How the name appears on the AUSTRAC register)

Public statement

Not applicable.

History

• 27 Jan 2026Federal Court penalties of $14 million ($2 million for unlicensed conduct, $12 million for misleading conduct) over the Qoin Wallet. — asic.gov.au official

Read More

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• Kraken, Binance, Block Earner: ASIC's Crypto Cases and $32 Million in Penalties

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