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Tuesday

27 July 2021

BlockFI ordered to stop onboarding New Jersey-based customers

BlockFI ordered to stop onboarding New Jersey-based customers


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The New Jersey Bureau of Securities had issued a cease and desist order to centralized crypto lending firm, BlockFi, preventing it from onboarding new interest account clients in the state.

On July 20, Zack Prince, BlockFi’s CEO, confirmed the firm had received an order from the New Jersey Bureau of Securities ordering it to stop onboarding BlockFi Interest Account (BIA) clients residing in the state from July 22.

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