BlockFi cryptocurrency company is licensed by Bermuda
This will allow it to significantly expand its activities and enter markets in new regions as soon as possible

26.01.2022 - 07:10
84
1 min
0
What’s new? BlockFi, a cryptocurrency lending platform, has announced on its official website that it has received a license to operate as a digital asset financial services provider. The work permit was issued by the local regulator, the Bermuda Monetary Authority.
News source on the BlockFi website
What is the purpose of the license? A press release cited the opportunity to “centralize its existing products and services for non-US retail and institutional clients” as the main benefit of the license. The company has not yet announced the introduction or launch of any new services.
What are the platform’s future plans? BlockFi stated that the digital asset financial license will allow the crypto lending company to enter the global market and expand its geographical reach to other continents and countries. To that end, it has opened a new office in the islands and has begun recruiting specialists, which will include Bermudian nationals.
Useful material?
Incidents
The attacker conducted a flash loan attack by exploiting vulnerabilities in the protocol.
Jul 21, 2023
Market
The former CEO of the exchange discussed building a bunker and conducting genetic experiments with his younger brother
Jul 21, 2023
Incidents
Hayden Adams restored the account nine hours later
Jul 21, 2023
Market
Chainlink CEO Sergey Nazarov predicted the growth of the blockchain industry by trillions of dollars
Jul 20, 2023
Market
The company stopped accepting bitcoin payments in May 2021
Jul 20, 2023
Politics
The bill is designed “to fight the rise in crypto-facilitated crime”
Jul 20, 2023