Gold Earner News Today

This edition of the Update covers: Recent legal and regulatory developments, including guidance to APRA-regulated entities following the cyber attacks on Medibank and...

The regulator disclosed that Block Earner, a firm backed by Coinbase and Aave, also operates an unregistered managed investment scheme that violates Australia’s capital market laws.

ASIC, the corporate regulator, has commenced proceedings in the Federal Court against a crypto fintech company, Block Earner, for allegedly offering…

ASIC is taking a fintech to court for providing unlicensed financial advice on crypto-asset products.

ASIC’s deputy chair Sarah Court said simply because a product hinges on being a crypto-asset does not mean it falls outside financial services law.

<p><span>ASIC has commenced civil penalty proceedings in the Federal Court against fintech company Block Earner alleging it provided unlicensed financial services in relation to its crypto-asset based products and that it operated an unregistered managed investment scheme.</span></p>

The fintech is alleged to have offered financial products without appropriate registration or an Australian Financial Services licence. ASIC has announced that it has commenced civil penalty proceedin

Block Earner general manager Apurva Chiranewala says despite the slump in DeFi markets, their platform has seen a surge of previously high-risk investors who have shifted toward lower-risk yields.