Page 2 - Blockfi Yield News Today

As part of a settlement arrangement, BlockFi agreed to pay a $100 million penalty for selling its crypto-lending product, BlockFi Yield, without registering it as a security. In addition to the penalty, BlockFi intends to register BlockFi Yield as a security.

BlockFi got into a tremendous amount of trouble with the SEC and more than 30 state regulators.

The crypto lender, which didn’t admit or deny wrongdoing, had been accused of illegally offering a product that pays customers high interest rates to lend out their digital tokens. The company sold the accounts to U.S. investors without registering them as securities, the Securities and Exchange Commission had said.

BlockFi Inc., a popular crypto platform, agreed to pay $100 million to the Securities and Exchange Commission and state regulators over allegations it illegally offered a product that pays customers high interest rates to lend out their digital tokens.

Crypto lender BlockFi to pay $100 mn penalty for violating securities law

In SEC settlement, BlockFi agrees to pay $100M and register crypto lending service - SiliconANGLE

In more bad news for the unregulated world of cryptocurrencies, popular crypto lender BlockFi will have to pay $100 million in penalties in the US for operating as an unregistered investment company.The companys interest accounts, which let ...

New Delhi, Feb 15 (IANS) In more bad news for the unregulated world of cryptocurrencies, popular crypto lender BlockFi will have to pay $100 million in

A press release issued Monday by the Securities and Exchange Commission (SEC) said that crypto lending platform BlockFi Lending LLC settled registration

The Securities and Exchange Commission (SEC) charged Peter Thiel-backed BlockFi with failing to register the offers and sales of its retail crypto lending product, and the company agreed to pay a $50...