The provider of a publicly traded bitcoin exchange-traded note (ETN) has been fined over $120,000 by Nasdaq Stockholm for infractions of exchange rules and financial regulations.
The stock exchange's Disciplinary Committee announced today that it had levied the fine because the company, XBT Provider, violated provisions in its Internal Rule Book and certain regulations of the Financial Instruments Trading Act.
As the result of its finding, the committee handed down a penalty of 1 million Swedish krona – an amount worth approximately $122,000 at press time.
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