BIA – DIGIT INFO

Kentucky Regulators Crack Down on Blockfi Interest-Bearing Accounts

DIGIT — Sat, 31 Jul 2021 19:00:54 +0000

The crypto lender Blockfi is now dealing with regulators from five states as Kentucky has joined the fray against the firm’s Blockfi Interest Accounts (BIAs). On July 30, Blockfi shared a statement on Twitter that explained the Kentucky Department of Financial Institutions (DFI) has sent the company an order that aims to ban new BIA […]

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Texas and Alabama Regulators Crackdown on Blockfi’s Interest Bearing Account Product

DIGIT — Fri, 23 Jul 2021 03:30:10 +0000

Fresh off the heels of Blockfi’s issues with the New Jersey Bureau of Securities, the company is now having problems in the state of Alabama. The director of the Alabama Securities Commission (ASC), Joseph Borg, explained on July 21 that he issued a show cause to the firm. Borg wants Blockfi to explain why the […]

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BlockFI ordered to stop onboarding New Jersey-based customers

DIGIT — Tue, 20 Jul 2021 05:45:20 +0000

BlockFi CEO Zack Prince rejects the New Jersey securities regulator’s claim that his firm has been offering unlicensed securities to the public.

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Blockfi Launches Interest Bearing Savings Accounts for Cryptocurrencies

DIGIT — Tue, 05 Mar 2019 20:40:58 +0000

On March 4, cryptocurrency-backed USD lending platform Blockfi announced the launch of a new savings program called the Blockfi Interest Account (BIA). Having started as a private beta service, BIAs are now available to the public who can store bitcoin core (BTC) and ethereum (ETH) and receive 6 percent annual interest, paid monthly in cryptocurrency. […]

The post Blockfi Launches Interest Bearing Savings Accounts for Cryptocurrencies appeared first on Bitcoin News.

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