BlockFi received a license in the state of Iowa

Now they are reading: 474

forklog.com

Cryptolending platform BlockFi received a license to provide financial services in the state of Iowa (USA). We’re excited to announce that we’ve received our Money Services License in Iowa.Iowa residents can now trade stablecoins on our platform and instantly transfer funds via ACH.

pic.twitter.com/sNEFIlCeWY — BlockFi (@BlockFi) June 28, 2022 “Iowans can now trade stablecoins on our platform and transfer funds instantly via ACH,” the post reads.

On June 14, a local regulator fined BlockFi more than $943,000 for violating the law. According to the authorities, the platform “offered and sold securities in Iowa that were not registered or authorized for sale” and also did not have a broker-dealer or agent license.

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