Australia’s ASIC has said that it will appeal against the dismissal of the Finder crypto asset product case. ASIC’s decision to file an appeal against the decision stems from the idea that the Finder Earn product was provided without the necessary license or authorization and as a result did not come with crucial consumer protections.
Australia’s ASIC to Appeal Against Dismissal of Finder Crypto Asset Case
According to reports, ASIC has filed an appeal against the Federal Court’s ruling to dismiss ASIC’s proceedings against Finder Wallet Pty Ltd. The allegations against the company were that it provided unlicensed financial services, violated product disclosure laws, and neglected to fulfill design and distribution responsibilities for its product, “Finder Earn,” which is related to crypto assets.
The Finder Earn product was purportedly a debenture by ASIC. On March 14, 2024, the Federal Court had rejected ASIC’s arguments and dismissed the case. Additionally, because i
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