November 23, 2024

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

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