Australia’s financial regulator, ASIC, seeks High Court appeal in the Block Earner case to clarify the definition of a ‘financial product’ in the context of crypto-linked services.
Tag: ASIC
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Block Earner Wins Appeal Against ASIC: Crypto Lending Platform Not a Financial Product
Australia’s Federal Court ruled in favor of Block Earner, stating its crypto-lending products don’t require a financial services license. This decision overturns a previous ruling and impacts the regulatory landscape for crypto assets in Australia.