Australia’s High Court Hands ASIC Major Win In Block Earner Crypto Yield Case
Australia’s High Court ruled in ASIC’s favor over Block Earner’s fixed-yield crypto product, sending the case back for penalties.
Bitcoin News·
The High Court of Australia ruled unanimously (7-0) that fintech platform Block Earner illegally offered its cryptocurrency yield product. High Court Sides With Regulator In a landmark decision, the High Court of Australia has ruled that a cryptocurrency yield product was offered illegally without a financial services license. The 7-0 ruling by the country’s highest […]
Read full articleAustralia’s High Court ruled in ASIC’s favor over Block Earner’s fixed-yield crypto product, sending the case back for penalties.
Australia’s High Court has unanimously ruled 7-0 in favor of the Australian Securities and Investments Commission, finding that Block Earner’s former fixed-yield crypto product required a financial services licence under existing law. According to a June 17 court document, the…
The ruling underscores the adaptability of existing financial laws to crypto, potentially stifling innovation but enhancing regulatory clarity. The post High Court of Australia backs regulator in Block Earner crypto case appeared first on Crypto Briefing.
Metaplanet's strategic pivot to Bitcoin-backed financial products could reshape Japan's investment landscape, tapping into vast cash reserves. The post Metaplanet surges over 12% on Bitcoin-backed yield product plans appeared first on Crypto Briefing.
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The post The “Gen Z” Crypto Scam Epidemic in Australia appeared on BitcoinEthereumNews.com. // News Reading time: 2 min Published: May 25, 2026 at 10:38 A sobering report from the Australian Securities and Investments Commission (ASIC), released this morning, highlights a massive spike in sophisticated trading scams targeting younger demographics. Financial regulators are sounding the alarm as “Generation Z” investors are increasingly being funneled into fake, high-tech-looking trading platforms via social media chat groups, particularly on platforms like WhatsApp. The Anatomy of the Scam Unlike the “clunky” scams of the past, these platforms are visually indistinguishable from legitimate institutional brokerages, showing real-time price movements that are entirely synthetic. Scammers are posing as high-profile crypto influencers or financial experts to build artificial trust. According to the reports, victims are often enticed to deposit more capital under the guise of “with
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, OFAC sanctions Sinaloa Cartel’s crypto laundering group, the Venezuelan government shuts down a 4,000 ASIC mining farm, and Brazil’s Bradesco enters the crypto custody business. US Sanctions Sinaloa Cartel Network for Laundering Drug […]