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
174
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?
Market
Earlier, the community criticized the project for its lack of transparency, which led to a sharp drop in the HYPE token price
Jan 8, 2025
Market
Rising US Treasury bond yields are negatively affecting risk assets
Jan 8, 2025
Mining
The Avalon Mini 3 is available for pre-order at $899
Jan 8, 2025
Market
The exchange obtained the documents as part of the Freedom of Information Act proceeding
Jan 6, 2025
Market
According to the preliminary plan, the free coin giveaway will take place in January 2025
Dec 27, 2024
Market
The fund’s issuer will be Donald Trump associate Vivek Ramaswamy’s Strive company
Dec 27, 2024