California Revokes BlockFi License for Unsafe Lending Violations

The California Department of Financial Protection and Innovation (DFPI) has fully revoked the license of the bankrupt crypto lender BlockFi nearly two years after the company declared bankruptcy. This decision comes as the final step in an investigation that began with the DFPI’s suspension of BlockFi’s operations in November 2022. California DFPI Revokes BlockFi’s License As part of a... source: https://beincrypto.com/california-revokes-blockfi-license/