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ASIC Appeals Block Earner’s Victory in Crypto Yield Products in High Court Showdown
ASIC Appeals Block Earner’s Victory in Crypto Yield Products in High Court Showdown
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Australia’s corporate regulator, ASIC, is seeking High Court clarification on the regulatory status of crypto yield products following a Federal Court ruling in favor of Block Earner. The case could redefine digital asset regulations nationwide.
The appeal targets Block Earner’s decentralized finance (DeFi) product, which the Federal Court deemed not a financial product. ASIC aims to establish clear classification standards for interest-earning crypto offerings and asset conversion mechanisms.
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