The Australian Securities and Investment Committee (ASIC) seeks to obtain a leave to appeal the Supreme Court’s decision that the product of access to Fintech Block’s AccuPt is not a financial product.
Supreme Court in March 2024 ASIC’s allegations refused that the ban on the return has participated in unlicensed financial services By providing the arrival of decentralized financing products (Defi).
ASIC seeks to get an illustration on how to define the financial product that feels that it must apply to all products, whether it involves an encrypted currency or not.
“The Supreme Court will consider ASIC to request a date to be determined,” Asic He said in a Wednesday announcement.
The court submitted a decision divided into the ASEC case against Block Arner last year, and the prosecution supported that it participated in unlicensed financial services with its pioneering product while rejecting allegations against arrival.
However, Block Eder, which is supported by Crypto Exchange, was released from a fine of $ 350,000 by the court in June, which also appealed ASIC. This was eventually resolved in April this year with the refusal of ASEC’s appeal.
Read more: Australian judge’s decision to divide the hands in the market organizer in exchange for Block profit
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