After a lengthy legal battle spanning three years, the Australian fintech company Block Earner has emerged victorious against the Australian Securities and Investments Commission (ASIC). The case centered around Block Earner’s Earner product, which allows users to earn interest on digital assets. ASIC accused the company of breaching financial rules by not having the necessary licenses to operate in Australia. 💰 ⚖️ However, a recent court ruling has cleared Block Earner of all charges. The court determined that the Earner product did not violate any Australian financial laws and therefore was not obligated to hold an AFSL. This decision could have significant implications for both the Australian fintech industry and the broader cryptocurrency sector.