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The fintech company faced an ASIC lawsuit and ongoing scrutiny from that financial authority affecting its reputation
The Federal Court of Australia ruled in favor of Block Earner, exempting the fintech company from a hefty fine. Despite the favorable ruling, Block Earner faces reputational damage and ongoing scrutiny from ASIC. The case underscores the complexities of regulatory compliance in the fintech industry.
June 4, 2024 09:33 AM