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.
CZ, who previously owned 100% of Binance France, found himself in hot water after pleading guilty to violating US banking laws last November
The platform was blacklisted in May 2022 for non-compliance with French regulations
Binance has ensured it will comply with the country's Prevention of Money Laundering Act and tax laws. CZ relinquishes control in Dubai