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Court dismisses ASIC’s appeal against Finder Wallet decision

The Full Federal Court has dismissed ASIC’s appeal in the Finder Wallet case relating to a crypto-asset related product Finder Earn.

ASIC has appealed the Federal Court’s decision to dismiss ASIC’s proceedings against Finder Wallet Pty Ltd.

The Australian Federal Court has found that Finder Wallet Pty Ltd did not provide unlicensed financial services in relation to Finder Earn.

ASIC sues Finder Wallet for alleged unlicensed conduct and inadequate risk disclosure over its Finder Earn product.