Australian Securities Regulator Wants to Appeal High Court’s Decision on Block Earner

Australian Securities Regulator Wants to Appeal High Court’s Decision on Block EarnerThe High Court in March 2024 Dismissed Asic’s Allegations that Block Earner Had Englished in Unlicened Financial Services by Offering ITS DEFI PRODUCT Access May 21, 2025, 8:50 AM

The Australian Securities and Investments Commission (ASIC) is seeking Leave to appeal a High Court Decision that Fintech Company Block Earner’s Access Product is not a Financial Product.

The High Court in March 2024 Dismissed Asic’s Allegations that Block Earner Had Englished in Unlicened Financial Services by Offering ITS DECENTRALIZED FINANCE (DEFI) PRODUCT.

Asic is seeking clification on how a financial product is defined whote it feels should Apply to All Products WHTCHER They INVOLVE CRYPTOCURRONCY OR NOT.

“The High Court Will Consider Asic’s Application on a Date to Be Dermined,” Asic SAID IN A ANNOUNCENT ON WEDNESDAY.

The Court Gave A Split Decision Over Asic’s Case Against Block Earner Last Year, upfolding The Claim That It Had Engaged In Unlicened Financial Service With.

Block Earner, WHICH HAS BACKING FROM CRYPTO Exchange Coinbase, Was However Freed From Its $ 350,000 Earner-Related Fine by the Court in June, Wich Asic ALSO APEALED. This was Was Eventually Resolved in April this Year with Asic’s Appeal Dismissed.

Read More: Australian Judge Hands Split Decision in Market’s Regulator VS Block Earner