DigitalMoneyBox Signal Desk
DigitalMoneyBox Crypto market intelligence
Browse sections
Security Bitcoin News

California Pulls Blockfi’s Lending License, Slaps Fines After Regulatory Breach

The California Department of Financial Protection and Innovation (DFPI) has revoked Blockfi Lending LLC’s finance lending license for violations under California’s Financing Law (CFL). Blockfi agreed to the revocation an...

38 /100
Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

California Pulls Blockfi’s Lending License, Slaps Fines After Regulatory Breach
The California Department of Financial Protection and Innovation (DFPI) has revoked Blockfi Lending LLC’s finance lending license for violations under California’s Financing Law (CFL). Blockfi agreed to the revocation and to halt certain practices deemed harmful, following an examination that revealed the company failed to assess borrowers’ repayment ability, charged interest before disbursement, neglected to […]

Why this matters

This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Bitcoin News

Related market context