California regulator orders Celsius to stop selling securities in the state
Cointelegraph
Published Aug 10, 2022 06:20AM ET
Updated Aug 10, 2022 08:00AM ET
The Department of Financial Protection and Innovation of California (DFPI) continues to bring actions against crypto interest account providers, failing to comply with the local law. After commanding BlockFi and Voyager to stop their offerings in the state, the DFPI issued a desist and refrain order to crypto lending firm Celsius.
The order simply means that the crypto lending platform, which is undergoing the bankruptcy procedure, should stop all of its further operations on the sale and marketing of securities in the state of California.
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Written By: Cointelegraph
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