Australia: Issued Federal Court ruling in ASIC lawsuit against Block Earner for allegedly offering unlicensed crypto product
Description
Issued Federal Court ruling in ASIC lawsuit against Block Earner for allegedly offering unlicensed crypto product
On 4 June 2024, the Federal Court of Australia issued a ruling concerning Block Earner's alleged provision of unlicensed financial services through its crypto-related product, Earner. The Court noted that between March and November 2022, Block Earne…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
judiciary
Government Body
court