Australian Judge Hands Split Decision in Market’s Regulator vs Block Earner

Australian Judge Hands Split Decision in Market’s Regulator vs Block Earner


Fintech company Block Earner engaged in unlicensed services by offering its crypto-backed Earner product, ruled an Australian Federal Court. The court though, handed Block Earner a part victory against Australia’s markets regulator by adjudicating that its DeFi “Access” service was not illegal.

An Australian court has given a split decision in a case brought by Australia’s markets regulator against Sydney-based crypto start-up Block Earner.

Judge Ian McNeil Jackman, who is also the brother of actor Hugh Jackman, ruled on Friday that Block Earner engaged in unlicensed financial services conduct when offering its crypto-backed Earner product.

However, Jackman dismissed allegations relating

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