Australia's High Court Rules Block Earner's Earner Product Requires Financial Services License

According to The Block, Australia's High Court unanimously ruled that Block Earner's digital asset yield product Earner is a regulated financial product and requires an Australian Financial Services License (AFSL) to operate. The ruling upheld an appeal by the Australian Securities and Investments Commission (ASIC) and reversed a lower court decision that had favored Block Earner.
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