The Federal Court of Australia ruled that the fintech company's yield product Finder Earn is not a financial product, dismissing the appeal from the Australian Securities and Investments Commission (ASIC) and confirming its compliance operation, marking the official end of a nearly three-year legal dispute. Finder Earn operated from February to November 2022, offering an annual yield of 4%-6%, allowing users to convert Australian dollars into stablecoin and deposit them into Finder.
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