Australian Court Classifies Finder Earn as Debt Boosting Fintech Clarity
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最新报道：An Australian court ruled that Finder Earn, a yield-bearing product from fintech firm Finder, was not a financial product under local law, dismissing ASIC's lawsuit. The regulator had alleged Finder failed to obtain proper licensing for offering the product, which paid 4.01% annual returns on AUD deposits. Justice Brigitte Markovic found the product didn't meet the legal definition of a debenture since users could withdraw funds anytime without penalties. The verdict provides regulatory clarity for similar crypto yield products in Australia, though ASIC may appeal. Finder welcomed the decision, stating it demonstrates their commitment to compliant innovation.
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