California Department of Financial Protection and Innovation It has issued a notice suspending the license of state-owned crypto lender BlockFi for 30 days pending investigation.
“DFPI is investigating compliance with BlockFi laws, including California financial laws,” the agency said in a statement.declarationAnd added that it is also investigating FTX.
Regulators say BlockFi has reportedly stopped providing credit services in California. In February, BlockFi was ordered to stop and refrain from offering or selling unconditional and non-exempt securities in the form of Blockfi interest accounts in the state.
BlockFi said Thursday it would limit the platform’s activities and temporarily halt customer withdrawals.
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