In a landmark ruling, the Australian Federal Court has sided with Block Earner, a cryptocurrency lending platform, over the Australian Securities and Investments Commission (ASIC). This decision significantly impacts the digital asset industry in Australia, potentially paving the way for greater regulatory clarity and innovation within crypto lending. 📚 The court disagreed with ASIC’s assertion that the platform’s lending and interest-earning services constituted managed investment schemes requiring a financial services license. Instead, it ruled that the products did not meet the legal definition of a managed investment scheme. This ruling effectively clears the lender of operating without a license.