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28 July 2021

Blockfi Ordered to Stop Offering Interest-Bearing Crypto Accounts in New Jersey – Regulation Bitcoin News

Blockfi Ordered to Stop Offering Interest-Bearing Crypto Accounts in New Jersey – Regulation Bitcoin News


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On July 19, the CEO of the crypto financial services firm Blockfi, Zac Prince, told the public that the New Jersey Bureau of Securities has told the company to “stop accepting new BIA clients residing in New Jersey beginning July 22, 2021.” New Jersey’s acting attorney general Andrew Bruck also tweeted about the issue and said “we’ve been closely monitoring activity involving cryptocurrencies for compliance.”.

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