The Australian organizer requests the Supreme Court to allow the appeal in the building nerve case
The Australian Financial Authority will seek to obtain permission from the Supreme Court to appeal the governor of the Court of First Instance, which prefers Fintech, which has found that the fixed earning service associated with encryption is not a financial product.
Australian Securities and Investment Committee (ASIC) He said On May 21, you want to ask the Supreme Court of Australia to clarify what is the definition of the financial product and clarify the conditions in which the benefits gain product is regulated and assets are transferred from one form to another.
The Supervisory Authority said: “The definition of the financial product has been formulated in a wide and neutral way of technology, and ASEC believes that it is in general interest to clarify this.”
“This clarification is important because it applies to all financial products and services, whether they involve encryption wages or not.”
On April 22, David O’Callaghan, Wendy Abraham and Catherine Button’s judges found that the fixed -related return product, or a managed investment plan or derived under the Companies Law.
Asek said the court would consider its request. Special leave required In the appeal of the Supreme Court, it is only granted in cases where it will answer important legal questions or issues of general importance.
A spokesman for “Cockline”, a “Queligraf” spokesman, said that it has now escalated to a “broader legal question” about the definition of a financial product, which extends “beyond the blocks and the encryption sector.
“We believe that the full federal court ruling in April was a strong and impossible decision that supported the safety of our operations,” the spokesman said. “We are still confident of the safety of this ruling and we will respond to the application of ASEC through appropriate legal channels.” ASIC first launched legal measures against Block EXHER in November 2022, on the pretext that the company needed a license for financial services to provide its return product that was available from March 17, 2022, until the company closed on November 16, 2022. Related to: Australia determines the encryption planning plan, promises to take action on Debanking In February 2024, an Australian court initially ruled that Fintech will need to license financial services to operate its products that bear the return. Another ruling in June 2024 was issued in the Federal Court of Australia from any financial penalties because it was “honestly” and continued its legal views before the launch of the products, which appealed ASIC. Block Eder has appealed the Federal Court’s decision that it needs a license for financial services on July 9, 2024. magazine: SEC’s U-Orn on Crypto Main Questions Waves without answeringThe legal epic has been going on since 2022