Cryptocurrency News

California regulator investigating crypto interest accounts

2022.07.13 17:47

California regulator investigating crypto interest accounts
California regulator investigating crypto interest accounts

The California Department of Financial Protection and Innovation (DFPI) has warned consumers to “exercise extreme caution” when dealing with interest-bearing crypto-asset accounts.

The DFPI stated that it is investigating multiple crypto interest account providers to determine whether they are “violating laws under the Department’s jurisdiction.”

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