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😦 2 Crypto Lending Firms Have To Shut Down In New York

According to the NYAG's website, these companies are Nexo and Celsius Network.

Hey Blockster, Crypto regulation in the United States is a tough case. While the US Securities and Exchange Commission (SEC) approved the first Bitcoin ETF of the nation last week, five digital asset businesses received troubling news from Letitia James, New York's Attorney General (NYAG), today. According to the attorney general's website, the NYAG sent cease and desist orders to two cryptocurrency lending platforms while requesting further information from three other unnamed digital asset businesses about their activities within the US state. Based on the file names on the NYAG's website, the two crypto lending companies targeted in the NYAG's new crackdown are Nexo and Celsius Network. Interestingly, while the attorney general ordered the two firms to halt their activities immediately after receiving the letter, Nexo stated that it hadn't even served New York citizens with lending products. For that reason, and since the company utilizes IP geo-blocking to prevent New Yorkers from accessing its services, Nexo believes the NYAG must have mixed up the recipient of its cease and desist letter. To learn the details of the story, we recommend checking this article out on Blockdesk. The NYAG's case with Nexo and Celsius is definitely an interesting one. In addition to that, we have plenty more exciting crypto stories for you today. You can check them out below: Crypto Worldwide: Argentina's Approach To Cryptocurrency Adoption – Argentina is a country that has long been struggling with hyperinflation. Following El Salvador's experiment, the Argentinian government could combat the rising inflation rates by adopting Bitcoin as legal tender. DePo CEO, TJ Dunham, Speaks On The State Of The Crypto Space And How DePo Will Boost The Space's Efficiency – Yesterday, we have interviewed TJ Dunham, DePo's CEO, who has shared his extremely valuable insights into the current state of the cryptocurrency space as well as his take on how his company would boost the efficiency of the industry. It's a highly informative article and definitely a must-read for crypto enthusiasts! Medical Company Uses Blockchain Technology For COVID-19 Test Verification – While most people focus on the financial aspect of cryptocurrencies and blockchain tech, there are many other industries where DLT is providing real value. One of these is the medical sector, in which a company leverages distributed ledger technology for COVID-19 test verification. 5 Cryptos To Earn Yield – Without Staking – Did you know that you can earn a yield on cryptocurrencies without staking them. Yes, that's right. And, today, we have collected the five best coins where you can generate a passive income without any staking. That's all for today. Be sure to check your inbox tomorrow, as we will come back with a new collection of exciting cryptocurrency stories. Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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