BlockFi Hit With Cease and Desist in New Jersey - 0 views
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John Kiff on 20 Jul 21The Attorney General of New Jersey has ordered high-yield crypto lender BlockFi to stop accepting new customers. The order calls for BlockFi to stop accepting new [BlockFi Interest Account] clients residing in New Jersey beginning July 22, 2021," although the company will be able to continue to serve existing customers in the state and other jurisdictions. BlockFi is accused of offering unregistered securities to its customers.