Department of Financial Protection and Innovation – DIGIT INFO

BlockFi to provide over $100K in refunds to California clients

DIGIT — Tue, 28 Mar 2023 03:13:17 +0000

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.

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California regulators order MyConstant to cease crypto-lending services

DIGIT — Thu, 22 Dec 2022 04:04:40 +0000

The California DFPI warned in July that it would be cracking down on crypto interest account providers in the state.

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California Launches Crackdown on 11 Crypto Firms Accused of Operating Ponzi Schemes

DIGIT — Wed, 28 Sep 2022 09:00:45 +0000

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 […]

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California regulator investigating crypto interest accounts

DIGIT — Wed, 13 Jul 2022 02:14:58 +0000

The regulator also said in its view that certain crypto interest account providers were providing unregistered securities, such as BlockFi and Voyager.

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