Australian Federal Court dismisses ASIC lawsuit against Finder.com sister company, ruling Earn product compliant with financial laws.
The Australian Federal Court has dismissed a lawsuit brought by the country's corporate regulator, ASIC, against a sister company of Australian fintech firm Finder.com. The court found Finder's Earn product was compliant with financial laws, ruling that ASIC "has not established that the Finder Earn product is a debenture." This case marks a significant moment in the intersection of cryptocurrency and regulatory compliance in Australia.
March 14, 2024
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