The Federal Court of Australia overturned a previous adverse judgment against crypto lending platform Block Earner, finding that its crypto-backed Earner products did not violate local financial regulations. The court ruled that Block Earner's blockchain lending products are fixed-term loan agreements, not financial investment products that require regulatory approval.
The court not only rejected all the claims made by the Australian Securities and Investments Commission (ASIC), but also asked ASIC to bear the full litigation costs of the original trial and appeal. The three-year legal dispute began in November 2022, when ASIC accused Block Earner of violating Australian financial services laws. Although after this legal victory, Block Earner reportedly has no plans to re-launch Earner products in the Australian market at this time.
The Federal Court of Australia has overturned a previous unfavorable judgment against crypto lending platform Block Earner
2025-04-22 13:52:44
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
澳大利亚联邦法院推翻此前对加密借贷平台 Block Earner 的不利判决Next article：
区块链互操作协议 Analog 完成 1500 万美元代币销售募资
