Aussie fintech prays for crypto clarity as it launches Bitcoin-backed loans By Cointelegraph

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Australian fintech firm Block Earner is charging ahead with plans to launch a crypto-backed loans product, despite staring down an upcoming court date with the financial regulator for allegedly offering financial products without a license.

The new crypto loan product allows Australian crypto investors to use crypto as collateral to borrow cash. Similarly, a Colorado-based lending platform called SALT offers crypto-backed loans to U.S. clients. The major cryptocurrency exchange Coinbase (NASDAQ:) once offered a similar service to its U.S. customers but shuttered it in May this year.

Hopes for clarity

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