ASIC Appeals High Court Decision in Crypto Yield Product Case

Australia’s corporate regulator, ASIC, has requested special leave from the High Court to appeal a Full Federal Court ruling in favor of crypto exchange Block Earner. This legal dispute centers on the definition of digital asset yield products and their regulatory framework under the Corporations Act 2001. ASIC argues that the product definition needs clarification, seeking clarity on how interest-earning products and asset conversion practices are regulated.