At least 111 BlockFi borrowers had continued repaying loans between Nov. 11 and Nov. 22, even though they didn’t need to, according to court documents.
California regulators order MyConstant to cease crypto-lending services
The California DFPI warned in July that it would be cracking down on crypto interest account providers in the state.
California regulator investigating crypto interest accounts
The regulator also said in its view that certain crypto interest account providers were providing unregistered securities, such as BlockFi and Voyager.