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

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…

Nov 8, 2024 - 16:00
California permanently cuts off BlockFi’s license over bad lending practices
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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