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Australian Court Exempts Block Earner from Paying Penalty; Criticizes Regulator’s Misleading Press Release

A Federal court in Australia has relieved the crypto firm Block Earner from paying a penalty for breaching the financial services law when it offered the Earner product. According to the ruling, Block Earner “acted hones...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Australian Court Exempts Block Earner from Paying Penalty; Criticizes Regulator’s Misleading Press Release
A Federal court in Australia has relieved the crypto firm Block Earner from paying a penalty for breaching the financial services law when it offered the Earner product. According to the ruling, Block Earner “acted honestly and not carelessly,” hence it should not be made to pay a pecuniary penalty. The Federal Court judge criticized […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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