BlockFi Ordered to Cease and Desist in NJ

Submitted by C Costigan on

Written by :

C Costigan

Published on :

BlockFi Ordered to Cease and Desist in NJ

The New Jersey Bureau of Securities has ordered financial services platform BlockFi to stop accepting and offering customers of interest-bearing accounts. This is the first time the financial regulator has issued a cease-and-desist order to a digital currency platform that gives a yield on the amount its users are lending since the ‘bull run.’

coinbase_0.gif

In a draft press release published by media on July 20, the New Jersey Attorney General’s Office said that BlockFi has been funding its operations through selling of unregistered securities, which is allegedly in violation of securities law.

Related Content

Melbourne and Punta Gorda Florida Will Soon Get New Nonstop Flights to Las Vegas

Melbourne and Punta Gorda Florida Will Soon Get New Nonstop Flights to Las Vegas

Exciting news for Melbourne, Florida as Allegiant Air announced this weekend they will begin nonstop service to and from Las Vegas from Melbourne Orlando International Airport. Punta Gorda gets a nonstop flight to both Vegas and Atlantic City.
Tennis Betting Software for Wimbledon: Why Some Bookies Are Missing Out

Tennis Betting Software for Wimbledon: Why Some Bookies Are Missing Out

It goes without saying why bookies are loosing out in a big way by failing to offer the very best in tennis betting software to their players, especially with events such as the French Open, Wimbledon (currently underway as we write this) and the upcoming U.S . Open.
McKinney Airport

McKinney, Allen, Plano Texas Residents Now Have Nonstop Flights to Las Vegas

Avelo Airlines plans four time weekly flights out of McKinney National Airport to Las Vegas beginning November 11.
Canadians Flocking to Las Vegas With Circa Casino Canadian Dollar on Par With USD P

Canadians Flocking to Las Vegas With Circa Casino Canadian Dollar on Par With USD Promo

Circa, the D and Golden Gate's Currency Parity Program Generates More Than 75,000 Canadian Visits, $15 Million in Slot Coin-In and 7,500 Hotel Room Nights Since Debuting in January 2026.