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.
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Australia’s High Court ruled in ASIC’s favor over Block Earner’s fixed-yield crypto product, sending the case back for penalties.
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 […]
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.