Posted 3/14/2024, 6:21:00 AM
Australian Court Dismisses Regulator Lawsuit Against Finder Wallet's Crypto Earn Product in Landmark Crypto Ruling
- Australian court dismisses lawsuit against Finder Wallet by regulator over its Earn crypto product, ruling it is not a "debenture"
- Court orders regulator to pay Finder's costs in "landmark judgment" for crypto industry
- Regulator failed to establish Finder Earn product was debenture violating financial regulations
- Ruling highlights need for regulators to work with industry to provide guidance and clarity
- Australia expects to release draft crypto asset legislation in 2024 requiring licensing for exchanges