SEC and State regulators form Kentucky - the Department of Financial Institutions Division of Securities issued a order to stop all activities for interest-earning accounts in the state of Kentucky.
This order comes with a broader regulation on cyrpto borrowing and lending businesses in the state but is the first known order against a crypto service. Similar orders has been issued in other states against BlockFi.
This states are not cracking down crypto in general but some of the business ideas that in FIAT world are also strongly regulated.
This order comes with a broader regulation on cyrpto borrowing and lending businesses in the state but is the first known order against a crypto service. Similar orders has been issued in other states against BlockFi.
This states are not cracking down crypto in general but some of the business ideas that in FIAT world are also strongly regulated.