Odaily News In the case between the Australian Securities and Investments Commission (ASIC) and the encryption startup Block Earner, the Australian Federal Court ruled in favor of ASIC. Judge Ian Jackman held that Block Earner breached certain provisions of the Corporations Act 2001 by offering the Earner product without obtaining an Australian financial services license. The judge also ruled that Block Earner breached parts of the same Act by operating an unregistered managed investment scheme relating to the same product. Following a judgment issued on January 31, ASIC has applied to the court for an order against two of Block Earners products, the Earner and Access products. As stated in the judgment, both products were launched in March 2022. However, only the Access product continues to be available. The Earner product will be discontinued around November 16, 2022, 8 months after its launch. (Bitcoin.com)