Block Earner Sued For Alleged Unauthorized Crypto Services
Block Earner, a fintech business in Sydney, has been sued by Australia's financial watchdog over suspicions that it sold unregistered cryptocurrency goods. There are numerous levels of products available from Block Earner that provide a return on cryptocurrency holdings.
According to the Australian Securities and Investment Commission, or ASIC, these services are unauthorized managed investment schemes that ought to have been regulated. In a statement given by the regulator, ASIC stated that it has started a civil fine case with the federal court to obtain proclamations, injunctions, and monetary sanctions. The court has not yet set a date for the initial hearing.
Source
@TradeCryptoNow
