ASIC sues Block Earner alleging its crypto product needs a license
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.
Source: afr.com
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Aussie crypto platform Block Earner allegedly sold unlicensed financial services
In legal documents filed on Tuesday, the regulator alleged that several products offered Block Earner required a licence to operate.
Source: watoday.com.au
ASIC Sues Block Earner For Unlicensed Conduct Over Crypto-Asset Based Products
<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>
Source: mondovisione.com
Australian Regulator Sues Aave and Coinbase-Backed Fintech Company Block Earner
According to ASIC, the products which Block Earners provides are considered unregistered managed investment schemes that should have been licensed.
Source: blockchainreporter.net
ASIC sues fintech for offering crypto-asset based products
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
Source: investordaily.com.au