Court Relieves Block Earner from Penalty in Crypto Yield Lawsuit
The federal court in Australia has absolved the fintech company Block Earner from any financial penalty in the local financial regulator’s lawsuit over unlicensed crypto yield-bearing products. Block Earner “acted honestly,” according to a June 4 ruling by Justice Ian Jackman. When its yield-bearing “Earner” product debuted, the company did contemplate obtaining a license, but […]