Usa state Iowa United States regulation lending Usa state Iowa United States

Surprise twist as BlockFi receives Money Services License in Iowa

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cointelegraph.com

Just two weeks after being fined by Iowa’s regulators for offering and selling unregistered securities, crypto lending platform BlockFi announced on June 28 thait has received a Money Services License in the state.The Iowan license will allow the crypto lender to receive money and sell payment instruments in the state.

BlockFi on Twitter stated it will begin by allowing Iowan residents to trade stablecoins.We're excited to announce that we’ve received our Money Services License in Iowa.Iowa residents can now trade stablecoins on our platform and instantly transfer funds via ACH.

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