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BlockFi's Regulatory Trouble Extends to Fourth US State as Vermont Initiates Probe

source-logo  coingape.com  + 1 more 24 July 2021 09:27, UTC

Block-Fi, a popular crypto lending platform has recently been in regulatory hot waters over its interest account (BIA) services. The crypto platform is now facing a probe over the legality of BIA from the fourth state in the US within a week. As per the company’s website, the Vermont Security regulator has also intimated a probe whether BIA qualifies as a security and thus must be registered with the security’s office before issuance.

coingape.com

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