California Authorities Urge MyConstant to Stop Offering Crypto Loans

Due to potential breaches of state securities law, the California Department of Financial Protection and Innovation (DFPI) has directed the cryptocurrency lending platform MyConstant to stop marketing many of its cryptocurrency-related products like crypto loans. MyConstant Ordered to Cease Services Like Crypto Loans According to a news statement from the DFPI published on December 21, MyConstant has been told to immediately cease and stop providing its peer-to-peer loan facilitating service and interest-bearing cryptocurrency asset accounts, both of which it claims violate the California Securities Law and California Consumer Financial Protection Law. The DPFI claimed that MyConstant’s providing and selling its The post California Authorities Urge MyConstant to Stop Offering Crypto Loans appeared first on Cryptoknowmics-Crypto News and Media Platform .