HUNTNE
@huntne
The Block Earner case is the latest in Australia’s legal challenges surrounding regulating crypto-related financial services. It shows ongoing regulatory uncertainty around whether yield-generating crypto products fall within the scope of existing financial laws. This is not the first time ASIC has faced a crypto firm in court. In 2023, the regulator took action against Finder Wallet and BPS Financial over similar allegations related to interest-earning crypto products.
0 reply
0 recast
0 reaction