ASIC Appeals Ruling in Block Earner Case to Determine Crypto Product Definition

Australia’s securities regulator, the Australian Securities and Investments Commission (ASIC), has appealed a previous Federal Court ruling that favored fintech firm Block Earner. The core dispute centers on whether Block Earner’s crypto-linked fixed-yield product qualifies as a financial product under Australian law. This case is significant as it could impact how all crypto products are regulated in the country.