Australian Regulator ASIC Scolded Over ‘Misleading’ Release, Must Pay Costs as Block Earner Avoids Penalty

ASIC subsequently published a press release entitled “Court finds Block Earner crypto product needs financial services licence.” While the release acknowledged that ASIC had been unsuccessful in arguing that Access needed a license, Jackman upheld Block Earner’s allegation that it was “unfair and misleading.”