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Australias corporate regulator, ASIC, has requested for the High Court clarification on the legal status of crypto yield products. The appeal comes after the Federal Court ruled in favor of Block Earner and dismissed ASICs claims about Block Earner’s decentralized finance (DeFi) product. ASIC aims to obtain a definitive ruling on the classification and regulation […]
The Full Federal Court of Australia has sided with crypto lender Block Earner in a major legal dispute with the Australian Securities and Investments Commission (ASIC). The court overturned previous decisions and stated that Block Earners crypto product does not require a financial license. The court decision will serve as a benchmark for regulation of […]
Australia's financial services authority is suing Finder.com for selling a bitcoin yield-bearing instrument without a license. Finder disputes ASIC's accusation that a registered exchange product was unlicensed, but it hasn't said whether it would contest the complaint. After Block Earner last November, it's the regulator's second domestic crypto income product supplier. ASIC sued Finder.com for selling three crypto-backed fixed-yield products without an AFS license. The regulator's third action against crypto financial products and businesses in three months. When asked whether it will fight the action, Finder declined to respond. (Read More)
Though crypto television ad spending is down, crypto firms continue to see ad spending as important to keep their brands relevant during a down market.
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