ASIC subsequently published a press release entitled “Court finds Block Earner crypto product needs financial services licence.” While the release acknowledged that ASIC had been unsuccessful in arguing that Access needed a license, Jackman upheld Block Earner’s allegation that it was “unfair and misleading.”
![Australian Regulator Scolded Over ‘Misleading’ Release, Must Pay Costs as Block Earner Avoids Penalty Australian Regulator Scolded Over ‘Misleading’ Release, Must Pay Costs as Block Earner Avoids Penalty](https://www.coindesk.com/resizer/fCKyFUVA1cNqSrUOOiD4ZuGfV8M=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ZMU3Z3EX75DUXP7F5Y5RJ4262A.jpg)