The Australian Federal Court has issued a significant ruling in favor of Block Earner, overturning a previous decision that found their crypto lending platform to be in violation of local financial regulations. The court determined that Block Earner’s blockchain-based products, specifically the Earner offerings, fall under fixed-term loan agreements rather than needing regulatory approval as defined by finance investment products. This decision effectively dismisses charges brought by the Australian Securities and Investments Commission (ASIC) and orders them to cover the legal costs associated with both the original trial and this appeal. The legal dispute arose in November 2022, when ASIC accused Block Earner of breaching Australian financial services laws. However, despite this favorable ruling, reports suggest that Block Earner has no current plans to resume offering its Earner products within the Australian market.