BlockFi

featured graphic for DFPI California Department of Financial Protection and Innovation after COVID-19

The Department of Financial Protection and Innovation announced that Commissioner Clothilde V. Hewlett issued an Order suspending BlockFi’s California Financing Law license for 30 days pending the DFPI’s investigation.   The suspension follows the DFPI’s notice to suspend issued on Nov. 11, 2022, which was prompted by BlockFi’s Nov. 10, 2022, announcement …continue reading

featured graphic for DFPI California Department of Financial Protection and Innovation after COVID-19

The Department of Financial Protection and Innovation (DFPI) has issued a notice to suspend BlockFi Lending LLC’s California Financing Law lender license for 30 days pending the Department’s investigation into BlockFi’s recent announcement to limit its platform activity including pausing client withdrawals. BlockFi’s announcement, made on November 10, 2022, from …continue reading