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25 July 2021

New Jersey Regulators Slap BlockFi with a Cease & Desist Order

New Jersey Regulators Slap BlockFi with a Cease & Desist Order


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New Jersey Regulators Slap BlockFi with a Cease & Desist Order.

In a Twitter thread on July 20, CEO Zac Prince has made it clear that the firm remains in operation for existing New Jersey customers and is in an ongoing dialogue with regulators.

Notably, in a Twitter thread on July 20, 2021, Zac Prince, the CEO of BlockFi confirmed that the firm has received a cease and desist order from the New Jersey financial regulator, mandating it to stop accepting new BIA clients with effect from July 22.

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