From financialnewswire.com.au: The Australian Securities and Investments Commission is appealing to the High Court for clarification on the definition of “financial product,” particularly concerning crypto-assets.

This decision follows a Full Federal Court ruling that Block Earner’s crypto offerings did not require an Australian Financial Services License, which ASIC believes could limit its regulatory oversight.

A clear definition influences the regulation of all financial products and services, not just those involving crypto.