California’s DFPI Suspends BlockFi’s Lending License

California’s Department of Financial Protection and Innovation has issued a notice to suspend BlockFi Lending’s lender license, according to a statement issued by the DFPI.

• BlockFi’s California license will be suspended for 30 days pending an investigation into the company’s recent announcement to limit its platform activity
• NOTE: BlockFi Pauses Withdrawals Citing Lack of Clarity on FTX.com

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Kenneth Hughes in New York at khughes51@bloomberg.net

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Max Zimmerman at mzimmerman90@bloomberg.net

Belinda Cao

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