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Regulatory Compliance

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News released on the 19th of July stated the New Jersey Attorney General is cracking down on one of the most prominent market participants in BlockFi by issuing a cease and desist letter. The question beckons whether government regulation will begin to hold back the explosive growth of DeFi or a market solution will arise?

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“BIA IS NOT A SECURITY, AND WE THEREFORE DISAGREE WITH THE ACTION BY THE NEW JERSEY BUREAU OF SECURITIES”.

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