CryptoBearishBitcoinist · 3h ago7/10
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Australia’s High Court Hands ASIC Major Win In Block Earner Crypto Yield Case
Australia's High Court ruled against Block Earner in a case brought by financial regulator ASIC, upholding that the platform's fixed-yield crypto product constitutes a financial service requiring proper licensing. The decision sends the case back to lower courts for penalty determination, establishing significant regulatory precedent for crypto yield products in Australia.
