🚨 The Australian Securities and Investments Commission (ASIC) is appealing a court decision dismissing its lawsuit against Finder Wallet Pty Ltd. ASIC accused Finder Wallet of providing unlicensed financial services with its product, Finder Earn. The product allowed users to deposit Australian dollars, which were converted to TAUD, a stablecoin, and used as operating capital. ASIC claimed this violated licensing, product disclosure laws, and design and distribution obligations. However, the court ruled that ASIC failed to prove Finder Earn was a debenture under the Corporations Act. The appeal date is TBA.💼🏛️ Thoughts?👇