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ASIC roundup: unlicensed crypto offering, and financial advantage by deception

Montage of the Australian arms Emu and Kangaroo emblem
GRIP Montage: ASIC/Getty Images

Martina Lindberg

8 min read
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The Australian Securities & Investments Commission’s latest actions and news, January 29 – February 9, 2024.

Unregistered Block Earner crypto product needs license – February 9, 2024

Fintech company Block Earner (trading under the name of Web3 Ventures Pty Ltd) has been found to have engaged in unlicensed financial services conduct during its crypto-backed Earner offering with fixed yield returns between March – November 2022.

According to the court, the

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