Australia’s crypto regulation is now advanced enough that startups can be both licensed by ASIC and fighting ASIC in the High Court at the same time.

Australian crypto startup Block Earner has secured a new licence from ASIC while simultaneously involved in a High Court battle with the regulator over an earlier crypto product.

The Sydney fintech announced on Tuesday it had been granted an Australian Credit Licence (ACL). This makes it the first Australian crypto platform licensed to directly offer regulated lending products under its own credit licence.

What makes this particularly interesting is that this has happened while ASIC continues a High Court appeal against the company over its now-discontinued ‘Earner’…