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31 July 2021

Alabama Regulators Suggest BlockFi’s Bitcoin Accounts Are 'Unregistered Securities' - Decrypt

Alabama Regulators Suggest BlockFi’s Bitcoin Accounts Are 'Unregistered Securities' - Decrypt


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BlockFi is back in the news after financial regulators in the state of Alabama claimed that the crypto company’s Bitcoin savings accounts are securities. .

This language indicates that the ASC, like regulators in New Jersey, views BlockFi’s high-interest crypto savings accounts, called BlockFi Interest Accounts, as unregistered securities offerings. 

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