The Australian Securities and Investments Commission (ASIC) has granted Block Earner an Australian Credit Licence, the first of its kind for a digital asset platform in the country, paving the way for cryptocurrency holdings to be used in regulated lending products.
The Sydney-based fintech received a green light from the corporate regulator on Wednesday, allowing it to originate, underwrite and offer credit products under its own regulatory permissions rather than through a third party. Until now, the firm had operated as a credit…
