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Surprise twist as BlockFi receives Money Services License in Iowa

Published 06/28/2022, 10:54 PM
Updated 06/29/2022, 12:40 AM
Surprise twist as BlockFi receives Money Services License in Iowa
TWTR
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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 (NYSE:TWTR) stated it will begin by allowing Iowan residents to trade stablecoins.

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