Summary
- It was reported that a court ruling in Australia is expected to allow home loans backed by Bitcoin.
- The fintech company Block Earner announced that it had won its legal dispute with the Australian Securities and Investments Commission (ASIC).
- With this ruling, it was reported that Bitcoin-backed loan services will be able to continue.
According to Crypto Briefing, a media outlet specializing in virtual assets (cryptocurrencies), it was reported on the 17th (local time) that a recent court ruling in Australia is expected to allow home loans backed by Bitcoin (BTC).
The fintech company Block Earner won its legal dispute with the Australian Securities and Investments Commission (ASIC). The lawsuit was over the right to provide virtual asset-backed loans without a financial services license, and as a result of this ruling, Block Earner will be able to continue offering loan services backed by Bitcoin and other assets.
Previously, ASIC had imposed sanctions on Block Earner for operating without the relevant license, prompting Block Earner to take legal action in response.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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