MyConstant ordered to cease crypto-lending services in Califonia

MyConstant ordered to cease crypto-lending services in Califonia

Market Analysis
December 22, 2022 by secret
113
[ad_1] California Department of Financial Protection and Innovation (DFPI) has ordered MyConstant to cease offering some products. The DFPI had warned in July that it would crack down on crypto interest account providers. DFPI argues that MyConstant offered and sold unqualified, non-exempt securities. In a press release on December 21, the California Department of Financial