Australia’s High Court handed ASIC a win in the Block Earner case, ruling its crypto yield product was a regulated financial product and derivative. The message: clever branding won’t dodge licensing rules.
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Australia’s High Court has slammed the brakes on Block Earner’s crypto yield play, ruling that the company’s former fixed-return product needed a financial services licence under existing law. High Court ruling: 7-0 for ASIC Earner product: a financial product and a derivative Legal message: crypto doesn’t outrun the rulebook Block Earner now: focused on crypto-backed […]
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ASIC Appeals to High Court Over Block Earner Crypto Yield Product Ruling The Australian Securities and Investments Commission (ASIC) is taking its fight against fintech company Block Earner to the High Court, challenging the Full Federal Court’s ruling that Block Earner’s “Earner” product is not a financial product under Australian law. This legal battle could […]
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ASIC Seeks High Court Appeal in Landmark Crypto Yield Product Case In a battle that could reshape the future of cryptocurrency in Australia, the Australian Securities and Investments Commission (ASIC) is taking Block Earner’s ‘Earner’ product to the High Court. This move has the potential to set a precedent for how digital assets are regulated, […]
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