Australian Financial Regulator Rebuked by Judge in Legal Dispute with Crypto Startup Block Earner
An Australian judge has ordered the country's financial regulator, ASIC, to pay some of the costs of a legal dispute with crypto-based startup Block Earner and criticized it for publishing a "misleading media release." The dispute was over two of Block Earner's products, Earner and Access. While the judge ruled that Earner was unlicensed, Access did not need the same licensing and could continue to be offered. The judge also determined that Block Earner should be relieved of paying a penalty for Earner because it acted honestly in seeking to engage with the government over regulation of crypto-related products and services.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CME Group to Launch Solana (SOL) Futures on March 17
TRUMP Organization Files US Trademark for Metaverse and NFTs
Grayscale Adds 7 More Cryptos to Its Smart Contract Fund
Alert: Pi Network extends KYC and Mainnet Migration Deadline to March 14
Trending news
MoreCrypto prices
More








