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Australian Court Rules in Favor of Crypto Firm Finder’s Earn Product

An Australian Federal Court on Thursday, dismissed a case filed by ASIC against crypto firm Finder Wallet. The Judgement passed by Justice Markovic stated that Finder’s Earn product was ‘compliant’ and did not provide unlicensed financial services. The Australian Securities & Investments Commission (ASIC), the nation’s corporate regulator, filed a case against Finder Wallet in Dec. 2022. The regulator argued that the subsidiary Finder Wallet product should have had an Australian financial services license. Finder Wallet defended the case in the Federal Court, claiming that ASIC had misunderstood how ‘Earn’ worked.


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