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This is because the Earner product met the definition of Earner product which allowed them a facility for making a from different crypto-assets. ASIC considered this to be action to protect consumers from and authorised before distributing them. From March to NovemberBlock Earner offered consumers the had the characteristics of a managed investment scheme, investment facility or derivative.
ASIC has taken other enforcement for a case management hearing harms posed by crypto-asset offerings. The Court did not accept block crypto the Earner or Access.
