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California Authorities Demand MyConstant Stop Crypto-Lending

California Authorities Demand MyConstant Stop Crypto-Lending

The California Department of Financial Protection and Innovation (DFPI) has ordered MyConstant to stop selling many crypto-related products due to state securities law breaches. The company's peer-to-peer loan brokering and interest-bearing crypto asset accounts violate California securities and consumer financial laws.

‘Multiple’ Crypto Lending Firms Are Under Investigation, Says California Regulator

‘Multiple’ Crypto Lending Firms Are Under Investigation, Says California Regulator

DFPI is investigating several firms offering “crypto-interest accounts” after these platforms abruptly suspended funds withdrawals. These firms have recently put the lives of millions of consumers at risk.

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