Crypto lending and staking platform BlockFi is preparing to launch its crypto product for the second time in 9 months, which caused it to be fined $ 100 million from the US Securities and Exchange Commission (SEC).
BlockFi is due to the company in early 2022, thanks to a regulatory loophole from the SEC. 100 million dollars crypto interest account that causes penalties Preparing to relaunch. The company will only release the crypto yield account that it will launch for the second time. qualified investors will make available.
In company statements, only the US public 13% of in total to qualified investors 15 He stated that he can earn with different rates of return in different cryptocurrencies.
BlockFi, in this area competitive returns In addition, unlike the products that are generally offered to qualified investors, BlockFi offers this product. will not seek a minimum investment limit. of the product at the end of 2022 to a specific user base and at the beginning of 2023 It is planned to be made available to all U.S. citizens who meet the requirements.
BlockFi is currently trading after it said last February that it would register its product with the SEC. Registration requirements of the Securities Act of 1933 will be released with an exemption.
BlockFi co-founder Flori Marquez talks about the industry lead while proactive always within the framework of a risk management protect client funds stated that they prioritize
BlockFi was one of the few credit firms that survived the credit crisis, when rivals such as Celsius and Voyager went bankrupt. Although the company offers yield products like other companies, it has eliminated the credit crunch without stopping withdrawals during the crisis, but still has a cryptocurrency exchange for capital support. A purchase agreement with FTX had signed.