Australia’s financial regulator will seek the High Court’s permission to appeal a lower court’s ruling favoring fintech firm Block Earner, which found the company’s crypto-linked fixed-yield earning service is not a financial product.
The Australian Securities and Investment Commission (ASIC) data-ct-non-breakable=”null” href=”https://asic.gov.au/about-asic/news-centre/find-a-media-release/2025-releases/25-082mr-asic-seeks-leave-from-high-court-to-appeal-block-earner-decision/” title=”null”>said on May 21 that it wants to ask the High Court of Australia to clarify what the definition of a financial product is and clarify the circumstances when an data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/ways-to-earn-passive-income-with-crypto” title=”null”> interest-earning product and conversion of assets from one form to another are regulated.
“The…
