4 ms·

what about blockfi, with similar interest rates but audited by state of new york regularly?

• exabrial 5y ago
  Curious as well
• ceejayoz 5y ago
  Can you explain what "audited by state of new york" means? I'm not aware of NY offering such services outside the realm of "we're investigating you for financial crimes"; https://www.google.com/search?q=site%3Ablockfi.com+audit https://www.google.com/search?q=site%3Ablockfi.com+audit is not promising. Tether claimed audits for years, too, and it was bullshit. https://help.blockfi.com/hc/en-us/articles/360049344531-Why-isn-t-the-Interest-Account-available-in-NY- https://help.blockfi.com/hc/en-us/articles/360049344531-Why-... ("Unfortunately we're unable to offer the interest account in NY") and https://blockfi.com/licenses/ https://blockfi.com/licenses/ don't look too promising for this claim, either.
• adamduren 5y ago
  From what I can discern from their website they are not allowed to offer interest bearing accounts in NY [1] which contradicts your claim. > Unfortunately we're unable to offer the interest account in NY. > We're hopeful that some of the state rules and regulations surrounding crypto change in the near future so we will be able to offer our interest account in those states. Unfortunately BlockFi's hands are tied until those rules and regulations change as we take our Compliance extremely seriously. [1] https://help.blockfi.com/hc/en-us/articles/360049344531-Why-isn-t-the-Interest-Account-available-in-NY- https://help.blockfi.com/hc/en-us/articles/360049344531-Why-...