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ASIC gets its first win against the crypto industry
The corporate regulator has notched up its first win against the crypto industry, after a court found that start-up Block Earner had offered an unlicensed financial product to retail investors. But another product was given the all clear to carry on operating. The Australian Securities and Investments Commission won part of its legal case against Block Earner on Friday, with Justice Ian Jackman finding that the Sydney-based start-up’s offering of fixed-yield earning crypto products should have been registered as a managed investment scheme. The case is just one of a series of lawsuits the regulator has brought ... (full story)