New York’s attorney general has joined Kentucky, New Jersey and Alabama authorities in launching an attack on digital currency lending platforms, with sights set on Celsius and Nexo.
Kentucky has joined New Jersey, Alabama and Texas in booting out digital currency lender Celsius Network, issuing a cease-and-desist order against the firm.
New Jersey regulators have extended the ban on BlockFi’s new interest accounts for the third time, this time to December 1, even as lending purge continues.
After they took action against BlockFi, three U.S. states have now filed orders seeking to kick Celsius out as the war on digital currency lending continues.
Kentucky's Department of Financial Institutions has issued a cease and desist order to BlockFi over its BlockFi Interest Accounts.
Co-founder and CEO Zac Prince confirmed that the NJ watchdog has given the firm one more month before it has to shut down its interest-bearing accounts.
The state of Texas has filed a Cease and Desist order against BlockFi and claims that BlockFi's Interest Accounts are unregistered securities.
The New Jersey Bureau of Securities has ordered financial services platform BlockFi to stop accepting and offering customers of interest-bearing accounts.
Digital currency platform BlockFi’s dismissal of the brushback pitch thrown by New Jersey regulators could have major ramifications for company execs and those who helped promote unregistered securities.
BlockFi, the popular cryptocurrency lending and borrowing platform, has been issued a cease and desist order by NJ's Attorney General.
Over five digital currency companies have expressed interest in going public–experts warn that both equities and digital currency are in a bubble.
BlockFi has just closed a $50 million series C fundraising round that gave the company a valuation of roughly $400 million.
