Another Review For The BlockFi Platform!

Another review for the platform called BlockFi! On BlockFi's website, it was announced that Vermont regulators also issued an order on the subject.

After the states of Texas, New Jersey and Alabama in the USA, the state of Vermont has also started an investigation for the interest product of the cryptocurrency lending and interest lending platform BlockFi. While it was written on BlockFi's website that Vermont regulators also issued an order on the subject, no information was disclosed about the content of the review. On the other hand, officials from three other states are investigating whether BlockFi's interest product, the BIA, violated securities laws. In Texas, a stop order application was filed against BlockFi, BlockFi Trading, and BlockFi Lending recently. Other states have also taken legal action against the company. BlockFi, on the other hand, denies accusations of violating securities laws. Company’s official account said, “We firmly believe that BIA is legitimate and suitable for cryptocurrency market participants.” According to March 2021 data, BlockFi has over $15 billion in cryptocurrencies under management.