One day after the ̶C̶r̶y̶p̶t̶o̶ ̶B̶o̶w̶l̶ Super Bowl, BlockFi has agreed to pay $100 million to settle with the SEC and state regulators — a record penalty for a crypto firm.
Crypto startup BlockFi agreed to pay $100 million to settle allegations from the SEC and state regulators that it illegally offered a product violating securities law.This is the largest-ever penalty against a cryptocurrency firm and the first in which a crypto company was charged with violating the registration provisions of the Investment Company Act of 1940.
The charging document states that approximately 24% of institutional crypto asset loans BlockFi made in 2019 were over-collateralized. In 2020, that number was 16%, and in 2021 it was 17%.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Crypto Lender BlockFi to Pay $100 Million In Settlement with SEC, StatesBlockFi Inc. is poised to pay $100 million to settle allegations from the Securities and Exchange Commission and state regulators that it illegally offered a product that pays customers high interest rates to lend out their digital tokens, according to people familiar with the matter.
Les mer »
BlockFi Will Pay $100M in Settlement With SEC, State Regulators Over High-Yield Accounts: ReportThe company has been under investigation since at least November 2021 over the lending product, which offers yields as high as 9.5%.
Les mer »
Crypto Lender BlockFi to Pay $100 Million In Settlement with SEC, StatesBlockFi Inc. is poised to pay $100 million to settle allegations from the Securities and Exchange Commission and state regulators that it illegally offered a product that pays customers high interest rates to lend out their digital tokens, according to people familiar with the matter.
Les mer »
PwC Report: Crypto Merger Deals Skyrocketed 5,000% in 2021Just how big was the crypto industry boom in 2021? Most recently, a report found that crypto mergers and acquisitions were up 5,000%.
Les mer »
What Is a Crypto Airdrop? | Binance AcademyCrypto airdrop is a marketing strategy for promoting crypto projects and their new tokens. It involves sending free coins or tokens to several wallets.
Les mer »
No Crypto Loans and Fewer Trading Options – Russian Finance Ministry Clarifies Regulatory Plan – Regulation Bitcoin NewsRussian authorities are not going to allow crypto lending, the finance ministry says, clarifying its proposals for crypto market regulation.
Les mer »