The Department of Financial Protection and Innovation (DFPI) in California announced yesterday that it was considering suspending BlockFi’s lending license while the agency looked into the cryptocurrency lender. On the heels of a desist & refrain order from the DFPI earlier this year, the Department has suspended @BlockFi's lending license for 30 days pending an investigation into their recent announcement to limit platform activity. https://t.co/GQXcicNOim#CryptoNews #BlockFi pic.twitter.com/zLH7bSDPZ1 — Ca Department of Financial Protection & Innovation (@CaliforniaDFPI) November 11, 2022 DFPI Action Due to BlockFi Halting Withdrawals A DFPI news statement states that the action was taken in reaction to BlockFi The post Californian Financial Regulator DFPI Revokes BlockFi’s Lending License appeared first on Cryptoknowmics-Crypto News and Media Platform .
