From decrypt.co: The Full Federal Court of Australia ruled in favor of crypto lender Block Earner, determining that its lending product was a fixed-term loan rather than a regulated financial product requiring licensing.

This decision overturned previous findings and dismissed an appeal from the Australian Securities and Investments Commission (ASIC), which was ordered to cover legal costs.

The ruling may affect how digital asset products are regulated in Australia, where about four million residents are involved in cryptocurrency.