learningaboutcrypto.com

learningaboutcrypto.com

November 8, 2024

California permanently cuts off BlockFi’s license over bad lending practices

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The California Department of Financial Protection and Innovation has permanently revoked BlockFi’s lending license following its bankruptcy and regulatory issues. BlockFi, a crypto lending platform, collapsed in 2022 amid financial troubles tied to the downfall of crypto exchange FTX. BlockFi…

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