Australia: Full Court of the Federal Court issued ruling in ASIC lawsuit against Block Earner for allegedly offering unlicensed crypto product overturning previous ruling
Description
Full Court of the Federal Court issued ruling in ASIC lawsuit against Block Earner for allegedly offering unlicensed crypto product overturning previous ruling
On 22 April 2025, the Full Court of the Federal Court of Australia dismissed the Australian Securities and Investments Commission (ASIC)’s lawsuit against Block Earner, operated by Web3 Ventures Pty Ltd, concerning its fixed-yield crypto product, Ea…
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