The Federal Court of Australia has sided with fintech firm Block Earner in an appeal against a ruling that found it was required to hold a financial services license for its now-discontinued crypto-related products.
Block Earner’s crypto-linked data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/ways-to-earn-passive-income-with-crypto” rel=”null” target=”null” text=”null” title=”null”>fixed-yield earning product is not a financial product, or a managed investment scheme, and is not a derivative under the Corporations Act, Justices David O’Callaghan, Wendy Abraham and Catherine Button data-ct-non-breakable=”null” href=”https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/full/2025/2025fcafc0058″ rel=”null” target=”null” text=”null” title=”null”>said in an April 22 judgment.
The trio said Block Earner’s yield product couldn’t be classed as an…
