BlockFi to provide over $100K in refunds to California clients
At least 111 BlockFi borrowers had continued repaying loans between Nov. 11 and Nov. 22, even though they didn’t need to, according to court documents. Go to Source Powered by WPeMatico
Department of Financial Protection and Innovation
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California regulators order MyConstant to cease crypto-lending services
The California DFPI warned in July that it would be cracking down on crypto interest account providers in the state. Go to Source Powered by WPeMatico
California Launches Crackdown on 11 Crypto Firms Accused of Operating Ponzi Schemes
The California Department of Financial Protection and Innovation (DFPI) has cracked down on 11 cryptocurrency companies that are accused of violating California securities laws. Nine of the firms reportedly solicited funds from investors in order to trade cryptocurrencies on the customer’s behalf. One of the accused companies pitched an alleged metaverse software development scheme, and … Read more
California regulator investigating crypto interest accounts
The regulator also said in its view that certain crypto interest account providers were providing unregistered securities, such as BlockFi and Voyager. Go to Source Powered by WPeMatico
