Surprise twist as BlockFi receives Money Services License in Iowa
Just two weeks after being fined by Iowa’s regulators for offering and selling unregistered securities, crypto lending platform BlockFi announced on June 28 thait has received a Money Services License in the state. The Iowan license will allow the crypto lender to receive money and sell payment instruments in the state. BlockFi on Twitter stated […]
Iowa regulator orders BlockFi to pay $943K over alleged unregistered securities offering
The Iowa Insurance Division, or IID, a regulator responsible for many securities sales in the state, has fined crypto lending firm BlockFi more than $943,000 after it allegedly offered and sold unregistered securities. In a Tuesday announcement, the state regulator said BlockFi had “offered and sold securities in Iowa that were not registered or permitted […]