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January 22, 2025
California Pulls Blockfi’s Lending License, Slaps Fines After Regulatory Breach
Bitcoin

California Pulls Blockfi’s Lending License, Slaps Fines After Regulatory Breach

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California Pulls Blockfi's Lending License, Slaps Fines After Regulatory BreachThe California Division of Monetary Safety and Innovation (DFPI) has revoked Blockfi Lending LLC’s finance lending license for violations underneath California’s Financing Legislation (CFL). Blockfi agreed to the revocation and to halt sure practices deemed dangerous, following an examination that exposed the corporate did not assess debtors’ compensation means, charged curiosity earlier than disbursement, uncared for to […]

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