BPS Financial Limited, the company behind the crypto token known as Qoin, has been fined over "serious and unlawful misconduct" by the Federal Court. Company Behind Qoin Crypto Token FinedAccording to a report by ABC News, Justice Kylie Downes ordered BPS to pay the fine in pecuniary penalties. The company is also prohibited from providing unlicensed financial services for a decade. Justice Downes added, "During the same period, BPS issued more than 96,000 Qoin Wallets and derived substantial revenues totalling over $42 million from the sale of Qoin Tokens." According to ABC News, 96,000 Qoin wallets have been issued by the company.