The Federal Court of Australia ruled that the fintech company's revenue product Finder Earn is not a financial product, dismissing the appeal by the Australian Securities and Investments Commission (ASIC), confirming its compliance operations, marking the formal end of a nearly three-year legal dispute. Finder Earn operated from February to November 2022, offering an annual yield of 4%-6%, allowing users to convert Australian dollars into stablecoins and deposit them into Finder Wallet. The court emphasized that the product does not constitute a "debt instrument", making this the first judicial ruling in Australia involving a legal definition of crypto assets. (Cointelegraph)

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