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New Jersey Bureau of Securities Orders Cryptocurrency Company ‘BlockFi’ to Stop Offering Interest-Bearing Accounts

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the staff of the Ridgewood blog

Ridgewood NJ, Acting Attorney General Andrew J. Bruck today announced that the Bureau of Securities has issued a Summary Cease and Desist Order to stop a financial services company based in Jersey City from selling unregistered securities in the form of interest-earning cryptocurrency accounts that have raised at least $14.7 billion worldwide.

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