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2 minute read Representations of virtual currency bitcoin on top of a U.S. dollar banknote are pictured through broken glass in this illustration taken June 25, 2021. REUTERS/Dado Ruvic/Illustration July 20 (Reuters) - New Jersey ordered the cryptocurrency platform BlockFi Inc to stop offering interest-bearing accounts that have raised $14.7 billion from investors, the state s acting attorney general said on Tuesday. A cease and desist order from New Jersey s Bureau of Securities said BlockFi s accounts were not registered with that office or exempt from registration, and their sale violated New Jersey securities laws. Andrew Bruck, the acting attorney general, said the enforcement action against Jersey City, New Jersey-based BlockFi came amid concern about the growth of decentralized finance platforms for investors in digital assets.

New yorkUnited statesNew jerseyJersey cityRichard changAndrew bruckJonathan stempelJersey bureau of securitiesBlockfi incNew jersey based blockfiBlockfi interest accountsBlockfi interestபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்புதியது ஜெர்சிஜெர்சி நகரம்