Australian Court Rules Finder’s 4-6% Crypto Yield Product Not Financial Service
Finder, an Australian fintech firm, secured a landmark legal victory in its three-year dispute with the Australian Securities and Investments Commission (ASIC) over its crypto yield product, Finder Earn. The Full Federal Court ruled on July 22, 2025, that Finder’s offering does not constitute a financial product under existing regulations, thereby invalidating ASIC’s earlier appeal [1]. The decision clarifies the regulatory status of crypto yield programs, which had been contested since 2022 when ASIC first challenged Finder’s operations. The court emphasized that the product’s structure—offering users 4%-6% annualized returns on deposited stablecoins—did not meet the legal definition of a financial service or investment…
