BlockFi faces regulatory heat, a sign of possible crypto lending regulations?
Cointelegraph
Published Aug 01, 2021 09:21AM ET
Updated Aug 01, 2021 11:00AM ET
BlockFi’s eventful 2021 has continued in the second half of the year as state regulators in the United States began to crack down on the company’s crypto interest-bearing accounts. The move likely marks another operational headache for the non-bank lender in a year of substantial fundraises and public listing plans interspaced by controversy and technical blunders.
State regulators going after crypto interest-bearing accounts may also stand as a bellwether of possible federal regulations targeted at the cryptocurrency loan market. Indeed, such a scenario might be possible given the current focus on digital currency regulations in America.
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Written By: Cointelegraph
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