The Australian Securities and Investments Commission (ASIC) has applied for leave to appeal to the High Court of Australia to overturn the Federal Court's previous ruling that the cryptocurrency income products of fintech company Block Earner do not fall under financial products, managed investment plans, or derivatives under the Companies Act. ASIC stated that this appeal aims to clarify the definition of "financial products" and under what circumstances income products or asset conversions should be regulated. （Cointelegraph） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=42816