The New Jersey Bureau of Securities (NJ BOS) has once again postponed the date by when it will enforce a ban on the creation of BlockFi Interest Accounts (BIAs), BlockFi announced on Twitter on Wednesday.
- BlockFi said it is in “active dialogue with regulators” and “firmly believes that it is lawful and appropriate for crypto market participants.”
- The company said the order is not currently in effect and has no impact on its current BIA clients or those of any of its other products.
- The N.J. BOS has said the BIAs are equivalent to unregistered securities, while BlockFi has argued they are not.
UPDATE (Sept. 22, 15:55 UTC): Updated with additional background in fourth and fifth bullet points, and adds this is the third extension in the first bullet point.
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