Australia’s top court sides with Block Earner, dismisses ASIC appeal

In loss for ASIC, Full Court finds crypto currency provider did not need AFSL

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me The Full Court has granted a cross-appeal by crypto currency provider Block Earner, finding its did not need a financial services licence because its crypto product is not a financial product. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Address Password Remember Me Lost your password…

Block Earner Wins Appeal: Court Dismisses Need for Financial Services Licence

Australia’s Full Federal Court has overturned a decision by a lower court against Block Earner and ruled that the crypto company did not require a financial services licence to offer its digital asset-related ‘Earner product’.“The ruling overturns the Federal Court’s original decision that Block Earner’s Earner product was a financial product,” the Australian Securities and Investments Commission (ASIC) noted in its announcement yesterday (Tuesd…

Australia: Block Earner Wins Appeal Over Licensing of Crypto Product

The Full Court overturned the Federal Court's previous decision that Block Earner's crypto product was a financial product requiring licencing. To continue reading... Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select More Informa…

CoinStats - Australia’s Top Court Shuts Down ASIC Appeal ...

YEREVAN (CoinChapter.com) — Australia’s Federal Court dismissed an appeal by the Australian Securities and Investments Commission (ASIC) against fintech firm Block Earner. The case focused on whether Block Earner’s crypto-linked fixed-yield product needed a financial services license under the Corporations Act. On April 22, Justices David O’Callaghan, Wendy Abraham, and Catherine Button ruled that Block Earner’s […] The post Australia’s Top Cour…

Australia’s top court sides with Block Earner, dismisses financial regulator's suit – #CryptoUpdatesGNIT

The Federal Court of Australia has sided with fintech firm Block Earner in an appeal against a ruling that found it was required to hold a financial services license for its now-discontinued crypto-related products.  Block Earner’s crypto-linked fixed-yield earning product is not a financial product, or a managed investment scheme, and is not a derivative under the Corporations Act, Justices David O’Callaghan, Wendy Abraham and Catherine Button …

Australia’s top court sides with Block Earner, dismisses ASIC appeal

An Australian court has ruled in favor of fintech firm Block Earner, overturning a previous court decision that found it was offering a financial product that required a financial services license.