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.